razpit

razpit

Starting with a bit of context we're in an imbalanced bullish state on most timeframes (relevant to this potential trade). Structurally we broke up from a 4 day balance area looking for higher prices. Price stabbed into a naked 3 day composite, If we can get some trading inside the composite, I expect a full traversal to the upside ($0.70)

razpit

As you can see FTM respects a lot the Composite Market Profile Value Areas. It broke into from below, retested, then traversed to the upper side, on three lower composites. I was scouting price under the wick (first RR tool on chart) for a quick SFP liquidity grab, but it didn't gave me that opportunity. Another lower RR opportunity would be at the retest of...

razpit

Potential Setup: ONDO finds itself under a 3 day market profile composite (formed by 28-30 Aug). If price can find acceptance above $0.64 CVAL (composite value area low) either by breaking it convincingly OR by spending enough time above it, we may end up with a full composite traversal to the upside CVAH at $0.67. Overall Bias: The high time frame bias is...

razpit

Utilizing Yearly, Quarterly, Monthly, and Weekly VWAPs alongside the 1st standard deviation to determine whether price is balanced or imbalanced. This aids in establishing a wider bias, providing context for intraday trading decisions. Beginning with the yearly vwap perspective: - Price has accepted back into Prior Value Area, indicating a current rotational-down...