Divergence when approached the 4h OB with a market structure break following breaking the swing low that lead to the sweep leaving a breaker+FVG at discount. Waiting for price to retrace to discount for further trades.
German Stock Market DAX FUNDAMENTALS :
Cost of living very high.
Production lower and lower and more expensive due to energy crisis.
Inflation high with very high expectations of EOB to raise interest rates in Nov and Dec.
Choch after we had a sweep of previous lows with divergence. imbalance tested so price expected to continue higher or wait for orderblock to be retested.
Impulsive bearish move to a previous OB with a volume POC and a BOS.
Possible pullback to the previous OB that lead to BOS or pullback to POC, otherwise break of a very strong OB and further continuation to the downside.
Price approaching a huge imbalance area left when we had previous BOS and Liquidity taken.
Bollinger bands also overextended to the upside suggesting a short setup.
