As illustrated, im trying to visualize a bullish classic buy day, where price manipulates under consolidation area that is formed during SYDNEY.
The manipulation should occur between 02:00 AM and 03:00 AM NY , during ASIA'S algorithmic price delivery macros.
Should there be a "V" SHAPE formed between that time window, that would indicate that a manipulation took place, and price closed BACK INSIDE SYDNEY'S RANGE (Early hours of Asia's Low).
In other words, ASIA creates a range during its OPEN, and manipulates it mid-session.
That would hand off price to LONDON at a point in which:
A) It makes a re-test of Asia's manipulation low.
B) It FAILS TO HOLD and breaks even lower (manipulating further down).
C) It starts the distribution phase of such manipulation, breaking ASIA'S HIGH.
Regardless London's behavior, ASIA'S LOW MUST HOLD AND BE EVIDENT, marking the low of the day. That being said, IF LONDON DOES NOT START CLOSING BULLISH DURING IT'S FIRST TRADING HOURS, that could mean NY is likely to SELL OFF...
HOWEVER, if London HOLDS ASIA'S RANGE and respects the "V" SHAPE (which IS ALWAYS EVIDENT), then it is likely for NY to open strong to the upside to distribute and potentially driving the market near the $2850s new ATH range.
--
GOOD LUCK!
The manipulation should occur between 02:00 AM and 03:00 AM NY , during ASIA'S algorithmic price delivery macros.
Should there be a "V" SHAPE formed between that time window, that would indicate that a manipulation took place, and price closed BACK INSIDE SYDNEY'S RANGE (Early hours of Asia's Low).
In other words, ASIA creates a range during its OPEN, and manipulates it mid-session.
That would hand off price to LONDON at a point in which:
A) It makes a re-test of Asia's manipulation low.
B) It FAILS TO HOLD and breaks even lower (manipulating further down).
C) It starts the distribution phase of such manipulation, breaking ASIA'S HIGH.
Regardless London's behavior, ASIA'S LOW MUST HOLD AND BE EVIDENT, marking the low of the day. That being said, IF LONDON DOES NOT START CLOSING BULLISH DURING IT'S FIRST TRADING HOURS, that could mean NY is likely to SELL OFF...
HOWEVER, if London HOLDS ASIA'S RANGE and respects the "V" SHAPE (which IS ALWAYS EVIDENT), then it is likely for NY to open strong to the upside to distribute and potentially driving the market near the $2850s new ATH range.
--
GOOD LUCK!
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.
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.