Double bottom spotted on the weekly

2023年5月1日

Based on the weekly, a double bottom is forming it already retraced. Although I was hoping for it to fill the imbalance on the 1hr TF at I still was able to catch a small sell at 13205.28. Currently it is tapping the bearish weekly OB as well as the bearish 30min OB. Like I said before on the weekly timeframe there is some imbalance that needs to be filled from the early month of April. Pretty much this is a waiting came once these candlesticks break the OB then I will check my chart again for a potential entry.

2023年5月1日

註釋

Confluences:
1. Imbalance from the weekly to be filled from early month of April
2. Broke through the bearish 30min OB
3. Double bottom forming on the weekly
4. Consolidation breaking