Buy Setup Pakistan international Container Terminal limted (PSX)
This plan is revised to reflect your new entry logic and structural terminology.
The Story So Far (The Candles Speak)
The Change in Status (CISD): After a period of downward pressure, a sudden, strong impulse move occurred. Critically, this move broke and closed above a significant previous swing high, confirming a Change in Status/Delivery (CISD). This tells us that the dominant institutional control has flipped from sellers to buyers, signaling a structural reversal.
The Liquidity Grab: Just before the CISD, the market aggressively wick-swept the 2024 Low, collecting stop-losses and preparing the base for the massive reversal.
The Current Move: Price has pulled back and is currently consolidating. The previous expected demand zones (FVG and +OB) now serve as the foundation for the bullish structure.
Entry Strategy (Reading the Demand and Confirmation)
We wait for a specific confirmation signal to ensure the continuation of the bullish move:
Entry Confirmation: The key signal to enter long is to wait for a candle close above the black candle series that is forming the current consolidation/pullback. This close above resistance signals the immediate continuation of the bullish move that followed the CISD.
Risk Management (Protecting the Structure)
Invalidation Point: The stop-loss is placed below the entire Order Block (+OB) zone. A close of a candle below this level would mean the Change in Status (CISD) has failed, and the bears have regained control.
Profit Targets (Clearing Liquidity)
The targets are set at levels where significant selling interest (liquidity) is expected to be resting:
First Target: Aim for the next major swing high, labeled the 1st Target. This is a logical point to secure partial profit and reduce risk.
Final Target: The ultimate objective is the 2024 High wick. Reaching this target would mean the bullish momentum has successfully cleared all liquidity resting above the prior major peak.
