I will drop a lot of pictures on this to make it easily understandable
Firstly on the 3Months time frame we have an all-time high and a drop to 78.2% on Fibo which is 15739.75
then we started reversing slowly, I didn’t see it at first but then I saw it on the drop to 19600
A series of HH and HL has been created; the latest one was in 24700 which is at 50% Fibonacci from the previous High at 31250 indicating a reversal that we are seeing
So I expect that low to take out the previous liquidity well and then find a new higher high which will be at 36261 or high to 48k before halving; there we will see what the market will do and then see.
So I expect that low to take out the previous liquidity well and then find a new higher high which will be at 36261 or high to 48k before halving; there we will see what the market will do and then see.
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Comment:
this drop was expected in fact I anticipated 30700 at most before it picks back up
the thing about liquidity is it swept it and then couldn't stay above it and or break out of it, therefore, chasing the liquidity and FVG downwards
so hence the crazy drop happening
will check and see if there might be a reversal soon or if the stop loss will be hit.
the thing about liquidity is it swept it and then couldn't stay above it and or break out of it, therefore, chasing the liquidity and FVG downwards
so hence the crazy drop happening
will check and see if there might be a reversal soon or if the stop loss will be hit.
Comment:
New idea and new entry
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Daily chart