Lots of things going on here (haha).
1. This week we closed with a bullish hammer on daily after testing the inside 50% quadrant of the weekly OB candle.
- Good support shows strength back to the upside.
- I want to see a gap down Tuesday into the green area for calls.
2. Don't get the long idea twisted, I am still temporarily bearish.
- I am long back up to the 4-hr FVG, looking at a 1-hr high sweep. After this I am watching for continued downside.
- A push past the 4-hr FVG indicates bullishness and my target changes to .705 of the fibs.
3. If the 4-hr FVG fails, then my target becomes the OB low on weekly.
1. This week we closed with a bullish hammer on daily after testing the inside 50% quadrant of the weekly OB candle.
- Good support shows strength back to the upside.
- I want to see a gap down Tuesday into the green area for calls.
2. Don't get the long idea twisted, I am still temporarily bearish.
- I am long back up to the 4-hr FVG, looking at a 1-hr high sweep. After this I am watching for continued downside.
- A push past the 4-hr FVG indicates bullishness and my target changes to .705 of the fibs.
3. If the 4-hr FVG fails, then my target becomes the OB low on weekly.
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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.