Price action is currently sitting on Higher Timeframe Discount array(Monthly FVG)
Price also seems to have been using the first 2 quaters of 2023 to consolidate and now, price finally clears out the sellside Liquidity and dips into the FVG
Price could make 2023 highs that would occur as distribution phase in the 3rd and 4th quarter of the year
As for now, I would not say whether this is a Bullish scenario until I see confirmations that price would rally
Price also seems to have been using the first 2 quaters of 2023 to consolidate and now, price finally clears out the sellside Liquidity and dips into the FVG
Price could make 2023 highs that would occur as distribution phase in the 3rd and 4th quarter of the year
As for now, I would not say whether this is a Bullish scenario until I see confirmations that price would rally
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Related publications
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.