Looking at this market, the structure suggests that we are in a bearish phase of the market. We can see that I have identified the most recent impulse of this bearishness with a blue box. From here I have then identified any Points of interest that represent order blocks left unmitigated. You will see these in red.
As of recent price has tapped into one of the points of interest where we can see a Wyckoff schematic has formed in the green box. Typically, this would suggest a reversal to the downside where we would then have the introduction of plenty of supply into the market.
I am now going to head to the lower timeframes to find ways that this can be tackled for intraday trading opportunities.
As of recent price has tapped into one of the points of interest where we can see a Wyckoff schematic has formed in the green box. Typically, this would suggest a reversal to the downside where we would then have the introduction of plenty of supply into the market.
I am now going to head to the lower timeframes to find ways that this can be tackled for intraday trading opportunities.