03feb25 cont.
Monday, 13Jan25 there was a significant and well pronounced low followed by bullish price action for that week.
20jan25 the market formed a significant well pronounced high the noted high and lows are our weekly bsl and ssl it seems as though on Monday ,03Feb25 the market delivered price back towards the low of January 13th to tap into some underlying demand; on the 4h time frame there was a bullish order block identified, which is the point of interest. I applied fibs from the swing low of January 13th to the high of January 20th. The market tested the 88.6% fib level on which corresponded with the mean threshold of the p.o.i. This event formed a higher low signifying the markets desire to go higher especially after the change of character between the 13th and the 20th of
January
* I find it very interesting that 13 minus 20 is 3. Would this help with anticipating what day events in the market will take place
20jan25 the market formed a significant well pronounced high the noted high and lows are our weekly bsl and ssl it seems as though on Monday ,03Feb25 the market delivered price back towards the low of January 13th to tap into some underlying demand; on the 4h time frame there was a bullish order block identified, which is the point of interest. I applied fibs from the swing low of January 13th to the high of January 20th. The market tested the 88.6% fib level on which corresponded with the mean threshold of the p.o.i. This event formed a higher low signifying the markets desire to go higher especially after the change of character between the 13th and the 20th of
January
* I find it very interesting that 13 minus 20 is 3. Would this help with anticipating what day events in the market will take place
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Disclaimer
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.