This chart is the definition of patience. We see a beautiful bullish liquidity build happening over the past few months with a clear HTF target which is a daily gap + demand zone sitting right below us. But we need to be patient to allow price to go where it needs to. The further down and more HTF targets we hit, the larger the subsequent breakout move can be.
Look for volume to pick up once we reach this zone from further institutions stepping in and look for certain confluences once we break out of the demand zone for long (and long-term) trades to the upside.
Happy Trading :)
Look for volume to pick up once we reach this zone from further institutions stepping in and look for certain confluences once we break out of the demand zone for long (and long-term) trades to the upside.
Happy Trading :)
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Weekly 'In the Trades' Newsletter - My favorite tradable setups right to your inbox!
betweenthetrades.substack.com
betweenthetrades.substack.com
Related publications
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.