But this area is also important because its a massive clue on what may follow once London opens. The fact that the is so low during this time helps us see the markets clearest path.
Notice the difference in between the circled areas (demand) and the red boxes (supply). notice how easily price is able to rip through this very low zone.
This is a very significant advantage if you can see the holes here. Price IS going to be drawn towards the path of least resistance.
Now there are other factors that you need to consider as well. Other criteria. There are specific target areas.
If you follow my work you have seen it all before.
This is a VSA /Supply&demand/Wyckoff technique. Very powerful for intraday trading is learned correctly.
leads the way.