Hey everyone!
Hope all is well. Well damn - what is going on with this world. Oil prices @ $6 in the US! Inflation at the highest since the 70's, the war between Russia and Ukraine, supply issues and sanctions, Evergrande on the brink of collapse.
We are expecting a drop in the market to soon test new lows. This is a very common Wyckoff pattern which can we can trade fractally within each other as shown.
We have price distribution followed our UTAD which price demand failed to push past the upper supply zone. In turn, we have a large price drop with a moving last point of supply between 50% to 0% of the range of the channel. This is extremely common.
The question is have we mitigated enough demand liquidity to allow price to push down below the floor and create new lows? Let me know your thoughts.
Peace, Seb.
Hope all is well. Well damn - what is going on with this world. Oil prices @ $6 in the US! Inflation at the highest since the 70's, the war between Russia and Ukraine, supply issues and sanctions, Evergrande on the brink of collapse.
We are expecting a drop in the market to soon test new lows. This is a very common Wyckoff pattern which can we can trade fractally within each other as shown.
We have price distribution followed our UTAD which price demand failed to push past the upper supply zone. In turn, we have a large price drop with a moving last point of supply between 50% to 0% of the range of the channel. This is extremely common.
The question is have we mitigated enough demand liquidity to allow price to push down below the floor and create new lows? Let me know your thoughts.
Peace, Seb.
