This chart shows various levels and a time range to consider for Friday 06 May 2022.
Time Range
Looking at past Fridays the most prominent time for price to pivot is between 1100-1145UTC. The " Market Maker | Technical Time Analysis" settings have been updated to future project the UTC times 1100 and 1145. At this range of time I will be monitoring for a bullish or bearish candle type and what level price is at ( support/resistance ).
Daily Open
The Daily Open has been acting as resistance so far this morning, so this is a level of interest for me.
Session High Low
The "Market Maker | Sessions | Initial Balances | Range Stats" shows the Asia Session has created a tight session high and low.
Levels
The " Market Maker | POCs | Daily | Weekly | Monthly" highlighted a Naked Point of Control (nPOC) that was wicked yesterday from the 24 Feb.
There are several Naked Levels that could play an important role from the 24 Feb:
- Naked Daily Open from 24 Feb.
- Naked Value Area Low 24 Feb.
- Naked Daily Low 24 Feb.
Zone
The green zoned area is in relation to my Higher Time Frame (HTF) chart
Summary
Some times not having a trade for the day is not a bad thing. But waiting for the trade to come to your Areas of Interest (AOI)/Levels can be hard work. I am going to wait for a reaction and then go from there. But my general feeling is that there are too many levels/areas below price that are of interest to me. So I will be waiting to see if price moves down before I consider a LONG trade.
Indicators used:
Market Maker | Technical Time Analysis
Market Maker | POCs | Daily | Weekly | Monthly
Market Maker | Sessions | Initial Balances | Range Stats
Time Range
Looking at past Fridays the most prominent time for price to pivot is between 1100-1145UTC. The " Market Maker | Technical Time Analysis" settings have been updated to future project the UTC times 1100 and 1145. At this range of time I will be monitoring for a bullish or bearish candle type and what level price is at ( support/resistance ).
Daily Open
The Daily Open has been acting as resistance so far this morning, so this is a level of interest for me.
Session High Low
The "Market Maker | Sessions | Initial Balances | Range Stats" shows the Asia Session has created a tight session high and low.
Levels
The " Market Maker | POCs | Daily | Weekly | Monthly" highlighted a Naked Point of Control (nPOC) that was wicked yesterday from the 24 Feb.
There are several Naked Levels that could play an important role from the 24 Feb:
- Naked Daily Open from 24 Feb.
- Naked Value Area Low 24 Feb.
- Naked Daily Low 24 Feb.
Zone
The green zoned area is in relation to my Higher Time Frame (HTF) chart
Summary
Some times not having a trade for the day is not a bad thing. But waiting for the trade to come to your Areas of Interest (AOI)/Levels can be hard work. I am going to wait for a reaction and then go from there. But my general feeling is that there are too many levels/areas below price that are of interest to me. So I will be waiting to see if price moves down before I consider a LONG trade.
Indicators used:
Market Maker | Technical Time Analysis
Market Maker | POCs | Daily | Weekly | Monthly
Market Maker | Sessions | Initial Balances | Range Stats
