My overal thoughts are that we are headed torwards 12K and am currently holding short.
That being said there is an H1 POI with FVG that I am interested in especially to go long.
I speculate that the H4 demand zones around the .618 fibonacci level for the Bulls and POC on the fixed range will be used to as inducement for the H1 POI with FVG/imbalance and price might head towards buystops next to head torwards the M30 POI around the .618 fibonacci level of the Bears to short and whipe our current range lows.
To me that would make sence because there is allot of liquidity resting above this range that would be taken out before heading torwards 12K area.
What are your thoughts?
And are you bullish or bearish?
That being said there is an H1 POI with FVG that I am interested in especially to go long.
I speculate that the H4 demand zones around the .618 fibonacci level for the Bulls and POC on the fixed range will be used to as inducement for the H1 POI with FVG/imbalance and price might head towards buystops next to head torwards the M30 POI around the .618 fibonacci level of the Bears to short and whipe our current range lows.
To me that would make sence because there is allot of liquidity resting above this range that would be taken out before heading torwards 12K area.
What are your thoughts?
And are you bullish or bearish?
Reason being this POI might also be used as trap to push price way lower as for now it seems we wont break out of the weekly bearish trendline (thick orange one). So if the H1 POI dont hold I think wont find a relieve rally and head straight to lower range.