Price leaves a very viable sell side liquidity and makes a trail towards the last high in the price (unmitigated supply zone at around 2955.00) this move traps early buyers who hopes the trend has continued and takes out stops of sellers who sold much earlier.
It is possible that price would reverse at the current supply zone, take out sell side liquidity at...
Price was making series of HH and HL until market structure shift occurred. The setup is, price will go up to take unmitigated supply before making it's second leg of downward movement
There's a short time bias on GBPUSD price created sell side liquidity which must be taken out, additionally it changed character to the upside, retested demand that caused the ChOCH and formed a new high. Target should be order block above.
Changed character to the upside. Proceeded to return and mitigate Demand that formed the choch, swept liquidity along side. Currently on the 2nd leg of it's bull run. 2nd mitigation of demand makes for entry. LTF for further confirmation.
BTCUSD formed a range at 22.8k after which it dropped giving a supply zone at 22.8k and forming imbalance between 22.8k and 22k.
It then proceeded to form series of lower highs and lower lows. Break market structure in each case
It formed an equal low ( although this is a lower low from other data providers )
And eventually changed character to the upside forming...
Price changed character and form a descending channel creating lower lows and leaving liquidity behind.
Price got to a Demand zone , bounce broke upper trend line, changed character to the upside and formed a range giving unmetigated liquidity and an Imbalance between liquidity and Demand zone below.
The theory is, Price will come back down to mitigate Demand...
