Not much to say here except watch what happens are deviation targets above. These deviations are derived from the sum total of down candles from the retracement period. We have reached the 2 Standard Deviation pretty easily. Seeing as how there are no highs to set TPs, we must watch to see which one of these cause an institutional taking of profit and then we...
Already know we are bullish, we have a decent re-entry zone in the +BB/FVG I marked with the 🐮 However, as we know when a new HTF FVG is printed, IPDA will bring all the resting orders higher into the range between here and 50% of the new FVG. It's looking very clear from here. We love this type of one sided targeting
I believe we will catch our next major bearish delivery from this $2420 mitigation. If we get any bearish activity in this range is is to be taken very serious as we push into the fib level resistance around 50%. We have just at current PA run the stops of any early bears and may be seeking higher stops to trigger anything leftover in the bearish continuation...
With 2 separate C.E.'s in position above and below the price, we'll most likely see a breakout of this zone in regard to these 2 levels Top Levels 1930.45 BSL 1928.52 1hr close 19.25.32 4hr close Mid Levels 1923.00 Current BiSi C.E. Low Levels 1920.64 Nearest wick to BiSi 1918.67 Price to balance BiSi 1916.15 SSL
I believe the next few sessions on Tuesday and Wednesday will be down trending as gamestop is topped out on hourly indicators.