GME had its day in the sun, im nothing but certain that that entire escapade was institutional orderflow and capitulation on the back of retail hype. smart move!
Current structure looks bearish on the HTF's, M showing possible failed swing pattern in play, with an unmitigated BISI residing below current ITL formed after the sharp reversal in May '24. (that, may i add, swept buyside liquidity of pretty much the entire past 3 year bear trend!).
On a HTF basis, im anticipating price to run the unmitigated BISI by the close of the year, i could be wrong and we could see liquidity tapped below/inside current internal range liquidity and then price move into consolidation, but, eventually finding its way lower to the M FVG residing below.
Happy trading!
Current structure looks bearish on the HTF's, M showing possible failed swing pattern in play, with an unmitigated BISI residing below current ITL formed after the sharp reversal in May '24. (that, may i add, swept buyside liquidity of pretty much the entire past 3 year bear trend!).
On a HTF basis, im anticipating price to run the unmitigated BISI by the close of the year, i could be wrong and we could see liquidity tapped below/inside current internal range liquidity and then price move into consolidation, but, eventually finding its way lower to the M FVG residing below.
Happy trading!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.