🧠 Update:
SPX500 has pushed higher since the last update and is now consolidating just below a significant cluster of unfilled imbalances (vector candles) spanning multiple timeframes — 5min, 15min, 1hr, 2hr, 4hr, and 8hr.
This confluence of inefficiencies above is acting like a liquidity magnet. Price is currently hovering beneath this stack, potentially accumulating liquidity through sideways action. This type of coiling behavior often precedes a sharp expansion, especially when price respects support levels (e.g., Daily Open, 45min imbalance) without closing below.
Key Insight:
If price remains supported and continues ranging under this cluster, it's likely creating inducement (liquidity) above. Once enough buy-side liquidity is built up, a breakout targeting the imbalance zones becomes a high-probability scenario.
📍 Levels of Interest:
✅ Imbalance Zones:
5min / 15min / 1hr / 2hr / 4hr / 8hr vectors (magenta)
🟡 Daily Open Holding as Support
🔮 Projected Move: Coiling → Liquidity Grab → Imbalance Fill
Keep an eye on any sweep of local highs followed by bullish delta or volume confirmation — that could be the trigger.
Idea will be updated as structure develops further.
SPX500 has pushed higher since the last update and is now consolidating just below a significant cluster of unfilled imbalances (vector candles) spanning multiple timeframes — 5min, 15min, 1hr, 2hr, 4hr, and 8hr.
This confluence of inefficiencies above is acting like a liquidity magnet. Price is currently hovering beneath this stack, potentially accumulating liquidity through sideways action. This type of coiling behavior often precedes a sharp expansion, especially when price respects support levels (e.g., Daily Open, 45min imbalance) without closing below.
Key Insight:
If price remains supported and continues ranging under this cluster, it's likely creating inducement (liquidity) above. Once enough buy-side liquidity is built up, a breakout targeting the imbalance zones becomes a high-probability scenario.
📍 Levels of Interest:
✅ Imbalance Zones:
5min / 15min / 1hr / 2hr / 4hr / 8hr vectors (magenta)
🟡 Daily Open Holding as Support
🔮 Projected Move: Coiling → Liquidity Grab → Imbalance Fill
Keep an eye on any sweep of local highs followed by bullish delta or volume confirmation — that could be the trigger.
Idea will be updated as structure develops further.
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.
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.