Going into next week I anticipate higher prices on Fiber reaching into the orderblock indicated. If there is a daily close above the orderblock I would anticipate price to go through the buyside liquidity. You can use this trade idea to look for long setups using your strategy. The dollar also shows signs of willingness to go lower which supports this idea.
As seen on the chart there is a rejection on the daily orderblock indicated. this is a bearish orderblock. Price should draw to the volume imbalance indicated and ultimately the week FVG shaded in green. This idea is also supported by seasonality of years of pre-election. We should see a turn in price on the end of February going into March
My bias on ES futures is a long targeting the buyside liquidity. There is unfinished business on the buyside liquidity as NQ and Dow Jones took out liquidity from the previous day. If the mid point of the balanced price range fails to hold then I will be looking for a continuation lower
