After creating extreme liquidity above today's low, this demand zone could be a good entry for later. This model 2 would only be correct if the range high does not get taken out before we got a third tap. If this plays out as planned i look for a BOS down there. Coming down one more time for a model 1 inside the deviation limit would also be fine.
Note
There got a good looking model 1 created at New York open, but there is no strengh in this move, i think it's just better to wait and look at the higher time frame candles to get an idea of what will happen.Note
The last 2h it was in a distribution pattern, so new lows could be coming.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.