I missed the perfect entry for this distribution model, but since the technical target hasn't been reached yet, I'll look for valid entries if they arise. The time displacement is good, it swept internal liquidity and left more to the downside. It looks more like a trend than a range deviation, so I'll be cautious with this trade if I take it.
Note
I haven't been able to get into this trade yet, since the whole last week has been just slow grinding down. I'll probably have to pass on it, as I expect a volatile market opening, but we'll see if something valid comes along.Note
I just noticed that a PO3 looks way better here than a model 1, which changes the technical target to 3293$ instead of 3245$. There is a way better potential distribution model forming, which i will post soon.
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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.