Nasdaq reached the first area that was projected. Please like this and I will be posting more!
Confluences: -HTF Premium -Liquidity raid after previous news induced PA -CE of 5nin OB -OF bearish from the OB -Fractal BOS -OTE on the retracement of BOS -Breaker block reactions after break And the list goes on.....
Nasdaq retraced higher in to premium taking out major BSL. While price was moving in to higher premium we have shifted liquidity to the Sellside. This was my reasoning for the short positions. Price is being attracted to Liquidity!
I am doing testing on Nasdaq so no idea that I am posting should be taken as any advice. I am doing this purely for research purposes. If I fail miserably who cares, I'll be back everyday with analysis!
I see Nasdaq selling of further in to a premium of the bullish leg. My target for this move is 11978.8 where we will see some sort of reaction bullish from the FVG left on the 1H timeframe. The start of the leg at 11811.0 is my overall target as there is EQL on a HTF perspective. This is my overview of the market and no entry criteria has been given. With NFP on...
Nasdaq came in to a premium just above equilibrium and tapped a 5min FVG and reversed after. Great display of precision price action.
The market maker moved price in to the CE of the 4H FVG. Price was also below Equilibrium and Market makers bought at a discount. PA delivery was precise and price reversed to the T of the CE. This is evidence that even during tumultuous market conditions with news events etc. the IPDA sticks to the same rules as it does every single day. Pinpoint accuracy with...
Nasdaq ran in to CE of FVG on Daily TF. This was HTF Premium and price rallied back down below dynamic area of resistance which was a volume imbalance.