This could be a MM Cycle 1HR Trending Parallel formed into a MM Cycle Looking for max pain below $120.23 then a LG back into the channel, then a chop near the highs of the channel for a breakout Option Chains 10/27 - 11/24 shows us that the majority of positions are short leading up to $126-127 Seasonals Choppy throughout beginning of OCT - end of NOV...
Daily Time Frame SE is on a trending parallel with a gap down today 1 Hour Timeframe SE has a liquidity zone from $45.76 - $45.51 that has already been bounced off of multiple times. This creates a watering hole so more touches on a zone means the more price wants to break through it SE has a liquidity grab at $44.76 - $45.51 so we can expect maybe a...
Here we have a trade idea that came from a price action range. The idea is simple, we have a price action range that popped above and fell right back into the range. Also had a liquidity grab towards the downside. The target will be right under the liquidity grab. The reason being is we can expect price to go down near/pass this level because the liquidity grab...