4H Narrative
Everything I outlined happened. Now I would like to see an eventual return back down, drawing towards Monday's Low and the Weekly BISI.
I still need to do more analysis to determine whether or not there is a need to dig deeper into the Daily SIBI, or whether or not the next daily candle will expand lower/higher. Just overall, the draw on liquidity is Monday's low.
When price drops, I want to see the 4H BISI traded to and through, act as an IFVG and push price lower.
Partial profits level will be the Red line (Daily Discount Wick C.E), next objective is Monday's low, then I want to see how low it'll go. Next objective will be the Weekly BISI C.E (Midway Point).
I still need to do more analysis to determine whether or not there is a need to dig deeper into the Daily SIBI, or whether or not the next daily candle will expand lower/higher. Just overall, the draw on liquidity is Monday's low.
When price drops, I want to see the 4H BISI traded to and through, act as an IFVG and push price lower.
Partial profits level will be the Red line (Daily Discount Wick C.E), next objective is Monday's low, then I want to see how low it'll go. Next objective will be the Weekly BISI C.E (Midway Point).
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.