An obvious Right-Angled Broadening Formation (Bullish)
Possible setup on weekly at S/R above pattern . Fair value gaps (FVG) after a break of structure (BoS) are powerful. Orders that didn't fill after a strong move create a zone that usually gets revisited. This would be an ideal area for smart money to re-enter the market.
Need to wait for this weekly to close before confirming a FVG. Perhaps CPI today will see a continuation in momentum further cementing this weekly's low. Selling pressure at ATH might send price back to the potential FVG for an entry trigger.
If price pulls back into structure then this idea is invalid.
N.F.A.
Possible setup on weekly at S/R above pattern . Fair value gaps (FVG) after a break of structure (BoS) are powerful. Orders that didn't fill after a strong move create a zone that usually gets revisited. This would be an ideal area for smart money to re-enter the market.
Need to wait for this weekly to close before confirming a FVG. Perhaps CPI today will see a continuation in momentum further cementing this weekly's low. Selling pressure at ATH might send price back to the potential FVG for an entry trigger.
If price pulls back into structure then this idea is invalid.
N.F.A.
Aviso legal
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.