GLOBALPRIME:US500
Factors of confluence for the analysis:
* On the higest Degree of structure (Daily). We are coming from building equal highs.
* coming from the equal highs, the price had built a Distribution and right after its completion, there was an accumulation that reversed the effort of the sellers.
*On the purple trend, the last bearish retracement, came from the Bearish POI. However, the sellers failed to break the structure and the buyers took control of the market.
Conclusion:
The purple trend is likely to have as target the equal highs.
We identify the highest volume interests to select the levels from which the Smart Money (the purple trend) might keep buying from. This is represented by the white dashed arrows.
Click on Boost (like) to support these free analyses
This expectation is a framework to look for a potential trading setup; I recommend you to not just execute based on these levels. I always wait for confirmations on lower timeframes
This Analysis was done using my complete Strategy which includes:
- Smart Money Concepts
- Multi Timeframe Liquidity and Market Structure
- Supply And Demand
- Auction Theory
- Volume Analysis
- Footprint
- Market Profile
- Volume Profile
- Wyckoff
- Etc.
Factors of confluence for the analysis:
* On the higest Degree of structure (Daily). We are coming from building equal highs.
* coming from the equal highs, the price had built a Distribution and right after its completion, there was an accumulation that reversed the effort of the sellers.
*On the purple trend, the last bearish retracement, came from the Bearish POI. However, the sellers failed to break the structure and the buyers took control of the market.
Conclusion:
The purple trend is likely to have as target the equal highs.
We identify the highest volume interests to select the levels from which the Smart Money (the purple trend) might keep buying from. This is represented by the white dashed arrows.
Click on Boost (like) to support these free analyses
This expectation is a framework to look for a potential trading setup; I recommend you to not just execute based on these levels. I always wait for confirmations on lower timeframes
This Analysis was done using my complete Strategy which includes:
- Smart Money Concepts
- Multi Timeframe Liquidity and Market Structure
- Supply And Demand
- Auction Theory
- Volume Analysis
- Footprint
- Market Profile
- Volume Profile
- Wyckoff
- Etc.
Trade closed: target reached:
Target hit!
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