Price has finally displaced after working between the 60min Imbalance, Short term sellside liquidity at 110.720 has been tagged
We opened up today and rallied all day, trading through the daily FVG, we're now trading inside a 30 minute Fair Value Gap, i'm anticipating the Economic News Drivers coming in tomorrow at 10:00am Eastern time, i'll wait to see what it gives me for a sell setup. Until then i'm sitting on my hands
I'm looking to see how the markets trade around the Fair Value Gap around the 111.474 and 111.135 Price levels. Short term target is the previous week low, then ultimately the 109.600 level
Price has rejected off a bullish order block it formed a 3 bar swing low pattern while it did that, we have some really clean highs at 830.00 i want to see price reach for it and possibly blow through
Price filled a liquidity void after a hard displacement, made a 3 bar swing pattern then reversed, i'm short from a 5m order block
This is an Update on the CORN FUTURES Idea Posted about last week
Last Friday's Price action took out a short term low and rebounded to the upside, i'm expecting a retracement to my point of interest on intraday timeframes, i'll look to long this if it gives me a bullish reaction
I'm expecting the final push lower then anticipating a reversal after Sellside liquidity is tagged, potential rally to 850.00 if confirmation is seen
I'm expecting the price to rally so it fills in the void on the upside, it could continue to make a new high but i'm expecting it to stop for some measure of retracement before it does that. Goodluck and Good Trading
A short term low has been violated, i'm expecting it to rally for the next few days
Waiting for price to drop down into my point of interest, i'll wait for reactions at that level before going long and holding through the week