Price will pullback to mitigate the Imbalance before it continues to drop. I think, the upcoming news (Durable Goods Orders) release on Monday will be the catalyst.
As you can see, all the liquidity on top as been swept. Now, the market is targeting the PDL array and the unmitigated FVG at support.
As you can see, all the liquidity on top as been swept. Now, the market is targeting the PDL array and the unmitigated FVG at support.
Note
The Market also crossed the Higher Low (Change of Character) and Crossed the 50% of fib with a strong red candle. (I placed the fib from previous swing Low and High.)
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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.