Price has moved out of Friday's consolidation with a short distribution, Currently happening (Judas swing) ,before actualization of true weekly trend which is Possibly Bullish...Price might likely sweep the buy stops resting on PWL then Conform to its true trend .price is currently in deep discount level for smart money.
We're likely to see a consolidation on yesterday's low so as to gather accumulation of orders then a short bearish distribution (judas swing) then a clear Impulsive reversal swing (bullish) on the sellstops marked (X).
Price might probably consolidate on Yesterday's low which might be our weekly low so as to gather accumulation of orders then later in the day we might see a possible short bearish distribution( Judas swing ) then redistribution which will be a bullish swing.
Price has been willing to move further down so as to clear all the sell side liquidity resting below ,It may probably clear out yesterday's low to form the weekly low.
GU is seeking to form a weekly high between today and tomorrow then likely Reverse to a bearish trend to fetch the sell side liquidity Towards equilibrium of last week's Range
Price just cleared a short term higher high on a significant market level on the smaller timeframes,M15 & M5. Market then further showed IPDA price movement: consolidation ,distribution ,SM reversal then discount level for a short term buy
