Price looks like it's heading towards Tuesday's Low. We don't have any major news today so I'm not expecting huge movement but, from what price has shown me, it looks like the next draw on liquidity is Tuesday's low.
After price entered and respected the Weekly Imbalance, it displaced lower with energy and retraced back to the 4-hour order block that was...
Here we see how price is consolidating and is getting SUPER close to these Daily Equal highs!!
Are we going to see price smash through and continue going higher?
Or will we see a sweep then a continuation lower?
Upcoming Week ForexFactory news: Monday-Wednesday = Low Volitility. We might see some small drives but won't see high volitility UNTIL Thursday....
TAO SMASHED through buyside and VIOLATED the hourly imbalance. Where is it going next??
After TAO smashed buyside and violated the hourly imbalance, we must look for our next area of interest.
Looking at the hourly chart, we see that there is a volume imbalance that needs to be rebalanced AND an hourly SIBI that needs to be rebalanced as well!
Looking to...
Looking at the XRP/USDT Daily Time Frame, we can get an idea where and WHY price is moving the way it is:
We see that ALL previous buyside has been swept.
This should indicate BULLISH order flow.
Every bullrun hits it's breaking point but where will that be???
We see that there's more Buyside that's yet to be swept and I'm thinking it will sweep them soon...
Here is my thought process:
I saw that previous buyside liquidity has already been swept.
Wanted to see where price is likely to draw to next.
Zoomed out on the Daily time frame and saw this clear buyside liquidity waving at me.
Now my bias is bullish.
Dropped down to the Hourly time frame and saw this GORGEOUS spring action move with a clear order block...
It's almost crystal clear to see where AJ's ship is likely to steer!
Higher Time Frame Analysis:
Two short blue lines indicate the Daily SIBI that price already entered.
We don't stop there .. price is yet to rebalance the entire balance which tells us that there's more room for higher prices.
The Blue Box represents the left over area of the Daily...
