Price is in a higher timeframe (monthly) fair value gap. We can see an accumulation phase formed during the prior weeks. The move I want to see is a manipulation leg upwards to take out and generate buy-side liquidity to fuel the distribution to the downside. Price should pair these short positions below the 4h old lows.
The possible market maker sell model original consolidation should form inside this monthly imbalance. The phases will be more visible on the 1h chart.
I will keep this updated as price prints more candles for us. It is a high probability move, but I do not marry this idea. Always looking for hints in price through a neutral lens. It means I will stick to my bias as long as the higher timeframe invalidates it. Ok byyyy
The possible market maker sell model original consolidation should form inside this monthly imbalance. The phases will be more visible on the 1h chart.
I will keep this updated as price prints more candles for us. It is a high probability move, but I do not marry this idea. Always looking for hints in price through a neutral lens. It means I will stick to my bias as long as the higher timeframe invalidates it. Ok byyyy