/ES SUNDAY JULY 16, 2023
Updated
2HR/1HR
-price closed at a key level
Is price going to cause:
A.) BEARISH CHOCH?
B.) A LIQUIDITY GRAB?
30MIN CHART
- Printed a bearish CHoCH but price only wicked down to cause it
- not a full body candle bearish CHoCH
15MIN CHART
-Price at key level
- Price caused a bearish CHoCH with a long body candle
-Also a potential falling wedge pattern on the 30 MIN & 15 MIN charts
-Price closed at:
A.) Sellside Liquidity
B.) Bullish Order Block
LOOK TO LONG
ENTRY CONFIRMATION :
- TREND LINE BREAK ON THE 15MIN CHART + THE RSI
-price closed at a key level
Is price going to cause:
A.) BEARISH CHOCH?
B.) A LIQUIDITY GRAB?
30MIN CHART
- Printed a bearish CHoCH but price only wicked down to cause it
- not a full body candle bearish CHoCH
15MIN CHART
-Price at key level
- Price caused a bearish CHoCH with a long body candle
-Also a potential falling wedge pattern on the 30 MIN & 15 MIN charts
-Price closed at:
A.) Sellside Liquidity
B.) Bullish Order Block
LOOK TO LONG
ENTRY CONFIRMATION :
- TREND LINE BREAK ON THE 15MIN CHART + THE RSI
Note
Bearish Scenario:If price keeps pushing down look for price to reach the 4520 zone
- Reassess from there
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