US30_High_Probability of HTF Retest of Supply & Liquidity
WTF
- Bearish in Structure as is PA trading within Bearish Trading Range
- PA, LTF Reversal after finding Support at previous area of Strong Demand as reaction was strong
- High Probability that PA will find area of strong LTF Resistance/ DTF Supply if the LH is to be developed
DTF
- PA, found support wtf Area of Demand, PA indication of Bullish intent broke structure with DTF Change of Character (CHOCH)/ Area of failed DTF Supply
- Has to be noted that with the CHOCH, PA has to confirm Bullish intent, a Pullback is needed to confirm a HL
- With the closing candlestick closing on it's high PA displaying strong intent for higher prices.
- High Probability of PA retesting the DTF BOS/ Area of Supply if HTF Intent for further WTF Bearish intent.
- Noted that as long as PA trades below the WTF Swing range High, the overall sentiment of the market is still Bearish in nature
H4
- Bullish in structure
- Off a h4 Inside Bar/ FAKEOUT at WTF Area of Demand, PA opened with a gap to the upside and continued traded above creating HH/ HL's with LTF areas of Demand
- With PA, breaking DTF CHOCH/ High Probability that PA to create another HL before trading higher
- Bearish in Structure as is PA trading within Bearish Trading Range
- PA, LTF Reversal after finding Support at previous area of Strong Demand as reaction was strong
- High Probability that PA will find area of strong LTF Resistance/ DTF Supply if the LH is to be developed
DTF
- PA, found support wtf Area of Demand, PA indication of Bullish intent broke structure with DTF Change of Character (CHOCH)/ Area of failed DTF Supply
- Has to be noted that with the CHOCH, PA has to confirm Bullish intent, a Pullback is needed to confirm a HL
- With the closing candlestick closing on it's high PA displaying strong intent for higher prices.
- High Probability of PA retesting the DTF BOS/ Area of Supply if HTF Intent for further WTF Bearish intent.
- Noted that as long as PA trades below the WTF Swing range High, the overall sentiment of the market is still Bearish in nature
H4
- Bullish in structure
- Off a h4 Inside Bar/ FAKEOUT at WTF Area of Demand, PA opened with a gap to the upside and continued traded above creating HH/ HL's with LTF areas of Demand
- With PA, breaking DTF CHOCH/ High Probability that PA to create another HL before trading higher
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