Chronic22

price will seek liquidity below the phantom trendline......

Long
OANDA:NAS100USD   US Nas 100
Taking a broader view on the 4-hour chart, we can see the formation of a bullish Fair Value Gap (FVG) that has yet to fully close. Typically, price will seek to fill this gap as it represents untapped liquidity. Zooming into the 15-minute chart, we can expect price to drop down to seek liquidity below the phantom trendline and 50% equilibrium level. This would bring price into discount territory and present potential buy setups. The expectation is that price will tap into the existing 15-minute bullish order block to distribute higher. In summary, the 4-hour chart implies an upside bias once the FVG fills, while the 15-minute chart suggests we may see a dip into discount levels first. This could present a buying opportunity before continuation higher to fill the 4-hour bullish open gap. Patience will be key to see how price behaves around the identified liquidity zones.
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