Gap in price(imbalance) created due to large buy orders by banks will be filled half way and reverse target sellside liquidity.
Buyside liquidity taken. Traps sellers and takes out buyers. Runs the most previous high and resistance and is coming back for mitigation of bank move
Market took out liquidity then drove price lower. Creating an imbalance due to the fast movement of price. Also,it broke the market structure (most notable low). It has also engulfed, giving us an entry on the close of the last bearish candle before the down move
Place limit at the close of 4h bearishcandle as shown in the picture. Different targets below
A link to the previous analysis is provided
Last Bullish candle (made by banks) grabbed liquidity (stop hunt)from the key area of resistance. ✅ Followed by an impulsive sell move(also made by banks) which trapped buyers induced bt the last bullish candle.✅ Break of market structure (most recent previous low)✅ Sell limit should be places at the bottom of either the open of the last bullish candle on the 1H...
Equal highs created generate liquidity above which is them taken out by the institutional buy candle,followed by an impulsive institutional sell move(a series of huge bearish candles). Market structure(most recent previous low gets broken. New liquidity is created below which is the target Entry is set as a sell limit at the open of the institutional buy...