In my opinion these are the key levels which we have to look at to determine short narrative. If we consider higher prices then I would prefer the grey fvg stay unfilled and retest the current weekly tail. After which we shall run up strongly through the imbalance and likely revisit 21k.
On the other hand if we anticipate slower growth or even consolidation, I would like to see these levels inverted for this case. Important to mention we ve got a large monthly candle tail which can be easily rebalanced to during the summer season when less volatility can appear, which will be seen in consolidation and further continuation later on
On the other hand if we anticipate slower growth or even consolidation, I would like to see these levels inverted for this case. Important to mention we ve got a large monthly candle tail which can be easily rebalanced to during the summer season when less volatility can appear, which will be seen in consolidation and further continuation later on
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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.