I expect a gradual approach to the level, a test, the formation of an entry setup (base), and a subsequent breakdown.
Key factors for this scenario:
- Global & local trend alignment
- Price void / low liquidity zone beyond level
- Liquidity grab (false move against the trend)
- Volatility contraction on approach
- Immediate retest
- Prolonged consolidation
- Consolidation with price compression (squeeze)
- Closing near the level
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Trade closed: target reached
Trading facts, not expectations.
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Not financial advice. High risk. DYOR.
Follow our full analysis & track record on Telegram:
t.me/the_traders_house
Support the analysis:
ko-fi.com/thetradershouse
Not financial advice. High risk. DYOR.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Trading facts, not expectations.
Follow our full analysis & track record on Telegram:
t.me/the_traders_house
Support the analysis:
ko-fi.com/thetradershouse
Not financial advice. High risk. DYOR.
Follow our full analysis & track record on Telegram:
t.me/the_traders_house
Support the analysis:
ko-fi.com/thetradershouse
Not financial advice. High risk. DYOR.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
