stlt strategy: structure, transition, liquidity, & time structure: bullish transition: Higher low formed on m15 liquidity: in daily demand level time: 12pm
dipping back into the same weekly level we respected last week...4hr is now bullish, will be buying until 4HR EMA MA cross bearish again *ideas created and published by me on TradingView is not prohibited, doesn't constitute investment advice, and isn't created solely for qualified investors.
Daily structure is currently creating lower lows and lower highs still, on the 1HR we have broken a level of support signifying sellers have come back into play, creating a lower high on the daily timeframe (look at how previous daily candle closed as well)
waiting for the correction movement to the 50% or 78% fib level for buys
price made a rally on the daily, so a bearish correction is expected. The 4HR looks as if it made a lower high to begin the bearish correction
Circling all potential entries after 8AM, anticipating volume to come in for NY session.
Price rejecting weekly support. Waiting for 4HR break resistance to take buys
Price is rejecting weekly resistance and that bearish momentum may carry it down further to the next 4HR zone