lower time frame W formation possibly
Updated
Idealy would like to see the hourly candle close higher but...
saw a small sweep on the 15m within the inducement zone (absolutely we could drop lower to induce more sellers into the market.. if the larger W formation is correct otherwise this could be a deeper drop to lower prices)
Anyway... 15m w formation, got in on the 1m with ICT entry, if it goes lower fine but following my rules so if it works out great!
I'll post the 1m entry below
saw a small sweep on the 15m within the inducement zone (absolutely we could drop lower to induce more sellers into the market.. if the larger W formation is correct otherwise this could be a deeper drop to lower prices)
Anyway... 15m w formation, got in on the 1m with ICT entry, if it goes lower fine but following my rules so if it works out great!
I'll post the 1m entry below
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SL hit.4h closes soon I'll see how that ends.
Still marking the 1h as a sweep of SSL, now its looking pretty prime to go up (depending how it closes) but tomorrow's another day to trade!
Could still approach the old external low though seeing how close it is.
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DXY just filled a tiny FVG on daily right nowthere is still relative equal highs above on dxy though..
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Obviously need more candles to confirm..But if old low holds then it would create relative equal lows to target in the future.
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One more thing I want to note is on the DXY daily timeframe, this double volume imbalance? I don't know if there's a specific name for when they overlap.It will eventually get filled & no retail trader knows when.. it could be tomorrow, next week or next year
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