For some months I am studying an price action from ICT. Would like to try an idea of power of 3 (consolidation, manipulation, expansion).
The market structure is defined by counting the elliot waves, the plan is to see one more impulsive wave to the up. We are probably in first impulsive wave or in the A corrective wave. From the price action point I am looking to see wick under the buyside liqudity. RSI is needs to get one more high before the exhaustion. Volume looking pretty heavy in the lower...
If we are taking the philosophy from the book of Elliot wave, the 3rd wave of the 3rd of the 3rd wave is the biggest wave in impulsive wave. I think we have a lot of pain to come. :)