To start of i just want to say the blue chart lines were drawn right before it went rallying up to almost $99,000, where my idea was that it was anyways going to reach that order block before either choosing to rocket up or down wich it did perfectly according my perdiction.
Then i made one chart line to for the rocket up, because the prise should be consolidating before chosing which path. And as of now i think it is going to retest the OB level againg before shorting down to the FVG it created on the rally, and we see that prices as of now are in a premium for shorting.
And on the daily we are in an uptrend while the 4H right NOW is looking to try and close above $98,290 for it to BOS into an uptrend, and if so it really is looking like it want to test the OB again.
Also looking at the MACD, the buys are getting weaker and weaker, just a small building block to add to the equation.
Ideal entry will in my opinion be when we see a BOS to the downside after claiming the liquidity above the rally high ($98,867) and a TP on $97,000 based on the OB marked red circle, for it to then consolidate a for some good hours then drop down in price a fair bit. But how much it will drop then is not in this idea.
Thanks for reading! Please tell me what you think as it helps me learn alot.
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