Potentially might see price find small amounts of support at the bottom of the weekly FVG / BISI - as price completes a rebalance of an imbalance. Lines up with the 75% fib retrace.
Fallback would be the volume imbalance resting just below the FVG.
Seeing how price reacts at the FVG and or VI would be key as to whether we see strong or weak level of support for a potential upside retracement.
However, price action remains very heavy with no up-close candle insight in previous 7/8 weeks. No clear and obvious upside objectives or draws on liquidity (other than a small VI).
Whereas, there are multiple discount PD arrays outlined, which are likely the root cause of heavy downside draw on liquidity.
1st target - previous large downside leg's low - $55.50
2nd/3rd target - RELs outline at $55.28 and $54.54
4th deeper target - high of weekly liquidity VOID - $52.45
Do you agree? Have I missed something?
Let me know of your thoughts.
Fallback would be the volume imbalance resting just below the FVG.
Seeing how price reacts at the FVG and or VI would be key as to whether we see strong or weak level of support for a potential upside retracement.
However, price action remains very heavy with no up-close candle insight in previous 7/8 weeks. No clear and obvious upside objectives or draws on liquidity (other than a small VI).
Whereas, there are multiple discount PD arrays outlined, which are likely the root cause of heavy downside draw on liquidity.
1st target - previous large downside leg's low - $55.50
2nd/3rd target - RELs outline at $55.28 and $54.54
4th deeper target - high of weekly liquidity VOID - $52.45
Do you agree? Have I missed something?
Let me know of your thoughts.
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。