Nasdaq FX:NAS100 Here's a breakdown:
*Key Concepts:*
1. *Turtle Soup (TS)*: A trading strategy or setup.
2. *Old Order Block (OOB)*: A price level where previous buying or selling interest was significant.
3. *Breaker Order Block (BOB)*: A price level that, when broken, indicates a potential trend reversal.
4. *Imbalance*: Unequal buying or selling pressure.
5. *Market Structure Shift (MSS)*: A change in market dynamics, indicating a potential trend change.
6. *Fill Value Gap (FVG)*: A price level where buying or selling interest is expected to fill a gap.
7. *Liquidity*: Market participants' willingness to buy or sell.
8. *Range Consolidation*: A period of sideways price movement.
*Analysis:*
The author describes a sequence of events:
1. *Initial Break*: Price broke through an Old Order Block (OOB), mitigating its structural significance.
2. *Consolidation*: Price consolidated, forming a range.
3. *Second Mitigation*: Price created a Breaker Order Block (BOB) + imbalance, indicating potential trend reversal.
4. *Market Structure Shift (MSS)*: Price fell, changing market dynamics.
5. *Fill Value Gap (FVG)*: Old FVG was filled.
6. *Range Consolidation*: Price formed a new range, similar to Thursday's high.
7. Liquidity: Author expects liquidity to be taken out to fill invention imbalance + breaker Order block.
Summary:
The author analyzes a market sequence, identifying key levels and structures. They expect liquidity to be removed, potentially leading to further price movement.