Please note this is just an idea I am watching and would appreciate your feedback.
After seeing a 'W' pattern on the 13th price showed bullish price action.
I am now anticipating price to return to retest previous resistance and turn this into support. In doing so liquidity would be captured before moving higher.
I would like to see price take out liquidity (TP level) before reversing for a sell (main move lower)
After seeing a 'W' pattern on the 13th price showed bullish price action.
I am now anticipating price to return to retest previous resistance and turn this into support. In doing so liquidity would be captured before moving higher.
I would like to see price take out liquidity (TP level) before reversing for a sell (main move lower)