Liquidity has built up nicely above the weekly imbalance. Price is setting up for a run on sellside liquidity into the weekly imbalance.
Our narrative:
ES took out all time highs, taking out a huge liquidity pool. After price has mitigated a level like that, the next possible move is to rebalance itself.
Our relative priceleg is the move to ATH from two weeks ago. It contains a discount weekly imbalance (an internal liquidity) which can possibly be traded to. It's our next draw on liquidity.¶
Our narrative:
ES took out all time highs, taking out a huge liquidity pool. After price has mitigated a level like that, the next possible move is to rebalance itself.
Our relative priceleg is the move to ATH from two weeks ago. It contains a discount weekly imbalance (an internal liquidity) which can possibly be traded to. It's our next draw on liquidity.¶
Trade closed: target reached
target reached. egészségetekre. puszi!
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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.