simple break and retest with multiple confluences, price heading towards a higher TF imbalance yet to be filled
looking to go long within our little rectangle for a bounce to our target which is an IPA noticed on the D time frame
Most likely won't be playing this one, just posting to study before/after and see the type of reaction from the market on this imbalance
entry on the 88.6% looking juicy lining up with the mid point
Would be perfect to see market design liquidity right before mitigation play
Break of resistance for retest of support and possible buy opportunity
Looking at a possible fake out from consolidation before being rejected and pulling back to one of those block zones, or completion of head and shoulders pattern that completes the move down to one of those block zones before looking for confirmation and that strong move up.
From this analysis I can take away 2 signals telling me the market wants to push up towards that "hourly resistance" zone. The first one would be the support and resistance lines. That first hourly support has been strong with price coming close and bouncing off of it while also testing but failing to really break through that hourly resistance zone. (wicks have...
Based on this analysis, I believe price will jump from the support area where it's consolidating and create a new LH before dropping back down past that same level of support creating the new LL. You can see around July 2018 it consolidated right around that support level and shot up. It's consolidating in a very similar area around that support and you can see...