Next week’s price outlook appears bearish.
Market structure shows a clear downtrend following the confirmed break of the previous swing low.
Price is expected to retrace into the iFVG before continuing lower toward the downside order block.
The iFVG aligns precisely with the lowest tick of the highest candle of the prior move and sits in the correct position relative to the previous supply zone.
The order block below is a high-probability area, as five liquidity lows are positioned directly above it.
Also publish a explanation video on this you can check in my profile.
Market structure shows a clear downtrend following the confirmed break of the previous swing low.
Price is expected to retrace into the iFVG before continuing lower toward the downside order block.
The iFVG aligns precisely with the lowest tick of the highest candle of the prior move and sits in the correct position relative to the previous supply zone.
The order block below is a high-probability area, as five liquidity lows are positioned directly above it.
Also publish a explanation video on this you can check in my profile.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.