Price is drawing to old 6 Jan low. It may not sweep it but I am expecting an expansion towards it. This should allow for a short trade during the week.
Market structure is still bearish until a Change of Character (CHoCH) is revealed.
Market structure is double in nature, internal and external. Following the external will lead to the internal, however, if you follow the internal it leads to itself.
Price is drawing to sell side liquidity and is seeking to rebalance the fair value gap. Note: these ideas are not my own. For more info, search Inner Circle Trader via YouTube.
Price is drawing toward daily low, seeking liquidity and the rebalancing of the Fair Value Gap (FVG). Note: FVG is a concept that was introduced by Michael Huddleston aka Inner Circle Trader.
If you have a positive expectancy, then what do you have to lose?
Multiple equal highs and lows on chart.....possible liquidity sweep (seek and destroy) about to happen? What's your thoughts everyone?