OTE has already undergone mitigation. However, there remains a portion of the FVG (Fair Value Gap) that could potentially provide the impulse to seek further short positions.
Aiming for the price to undergo a correction from the 4H OB and retrace to the OTE (Optimal Trade Entry) Area of the last bullish impulse.
The price has shown some strength to the upside, which is aligned with an estimated pullback to mitigate a 4-hour OB. Currently, we have good confluences, so we can aim to expect the price retracting to the OTE, which also has liquidity resting above and a beautiful OB at the same price.
Price is finally showing a displacement to the downside, which allows us to start looking for pullbacks for a potential Short Position. Aiming to get a pullback to the upper OB, or OTE.
Projecting price pulling back until 50% of previous Bearish impulse. A rejection in this area would allow us to keep searching for shorts until Next Liquidity
We've observed the price successfully mitigating the latest bearish impulse at the Optimal Trade Entry (OTE) level. Additionally, lower time frames are indicating a break of structure, suggesting a potential shift in the market's character. With the OTE mitigation already in place, our strategy now involves exercising patience and awaiting further developments.
Waiting for a pullback on the OTE Level. We also have a sweet 15m OB waiting for being mitigated.
Aiming to get a pullback to mitigating previous Bullish Impulse. Now price gave a BoS, and I am waiting for the mitigation of the OTE.
Expecting price to mitigate the 50% of the previous Bullish Impulse. Now, we had our first Bearish signal, and a Sell Limit is sitting at the OTE Level of the latest impulse. We also have the confluence with a 30m OB+.
Enough Bullish confluences: - Internal Break of Structure - Major Swing High Taken Now waiting on the OTE Level, that also has a OB+
As I was expecting, pullback to the OTE Area. We also have a good OB, and 5m confirmation.
I am still projecting the mitigation of the 50% of the latest Bearish Impulse. Now, I would wait an intra-day Pullback, to the OTE Area. Also, there's a 5 minutes Demand Zone.
Expecting price to continue with the Bearish Order flow, delivering lower prices, after mitigating the OTE Area, and after taking liquidity.
The idea is to mitigate the 4H FVG, and to pullback to the 50% area of the latest Daily Impulse. Now, the price is showing Bullish biases, and setting up a nice entry for Longs
Following the Idea of getting the pullback of the latest impulse. Let's see if we can get Lower Lows
Waiting on a Mitigation on a 30m OB. We also have liquidity resting, that could lead price to rapidly move towards our Sell Limit
I am still waiting the 50% Pullback on the latest Bullish Impulse. Said this, I would disregard the analysis if the Price closes above 174646.
The price did a new Low, hence we have to update the 50% Pullback Area. I am Bullish until that Level.