Price swept BSL but failed to put in a new LL, indicating there are both buyers and sellers are actively getting involve, usually this is where the intensive battle starts, better to stay away and just observe, wait for the market to decide who is the winner.
If price taken out the 5m major supply, I will assume that price is showing respect to the low (although it’s a weak low and may get sweep in the near future), if price take out the supply effortlessly, showing there is a bullish momentum kicking in, I will be following the momentum until price reach the next major supply.
Although overall 15m PA is showing bullish at the moment, given that we are reacting off the extreme supply from the left, price might need some liquidation of SSL in order to continue the bullish move, the best LQ will be the structural LQ formed recently. Of course, there will be a chance that price will just respect the current 15m demand and continue to put in...
In 15mTF, price has shown a significant 15m bearish CHoCH and recently has given a significant liquidation to BSL and impulsive down move, as a conclusion PA favoring short in 15m. HOWEVER, from the Weekly Time frame view, we can see where price is located now is an attractive level for hedger to get involve for Long. And given that price is reacting off the 4H...
15m bullish OF confirmed, I expect price to continue bullish until it reach the major supply above. There are 2 demands that have higher potential to put in a new HH, let see which one price reacts to. However, if price turn bearish, I will not expect any demand from the demand chain to hold, and will see how price reacting to the major demand below.
Based on HTF market bias, market is pretty bearish, price is now reacting off the 4H supply from the left, we may continue bearish as 4H is still in bearish OF. However, given the price has sweep significant LQ in 15m, the low can be consider as a strong low too. As supply has now taken back the control by giving a 15m bearish CHoCH after mitigation, short will...
Price is reacting off a daily demand, we may get a deeper pullback from now. In 15mTF, we can see price has shown a respect to the low, and now has taken out the SSL and reversing, if the 15m supply failed to put in a new LL and instead price starting to put in HH after 15m bullish CHoCH, we may start to look for Long and aim for the BSL from the left.
Price gives a significant bullish CHoCH and based that price has shown 2 times that it's lack of bearish momentum to go lower, I will be favoring Long now at least until price take out the weak high.
HTF is showing that price is heading towards a 4H weak low, and price mitigates the 15m major supply, ATM the major supply is holding. Now, supply has now taken back control in LTF. Let see how price react to this demand. Not going to look for Long now unless price shows me the evidence of bullish intention.
Price tried to put in a new LL but failed for several times, as we can see the wicks to downside, it's an indication of insufficient bearish momentum to sustain to put in a new LL. Break and retrace immediately, failed to close below. Therefore, there is a chance that price might reverse from here for a deeper pullback (daily/4H pullback). Of course, price still...
Price may not be able to run back up to the 15m major supply above, it might just take out all the BSL(IRL) from the left and respect to this LTF 1m EOR then continue bearish. If price come all the way back up to this supply, be aware as price will be quite bullish at that time, more confirmation needed for short.
Given that price is pretty bearish in HTF, although we are in a weekly demand, price could still continue lower by forming a descending nature. Price has now taken out the BSL from the left and is now forming a 15m major Flip and a major trend change. The 15m demand will less likely to hold in this case, I expect to play a short from the 15m LQ POI here and target...
Price taken out BSL from the left and mitigates our major supply. I will be looking for Short once 15m bearish CHoCH is given.
Although price is now within a daily demand and showing some bullish reaction. However, from HTF(4H) view, price is still pretty bearish, I'm more conservative to play a Long from here, more confirmation is needed as we are countering the HTF momentum. Moreover, price is now trading towards a weekly weak low, keep in mind that playing a Long from here is playing...
4H is now back into bearish OF, price is now in the pullback stage. As we can see in LTF(15m), demand has taken back control, the supply chain formed from the left is likely to get used as LQ. Price may continue higher until it reach the 4H major supply above.
We get a 4H bearish CHoCH and flip with bearish momentum follow through. Supply is clearly taken back the control. Even though this supply might not hold if the price come back to it but I will expect a large reaction from it as this is a MAJOR supply.
Price swept significant structural LQ from the left and retrace immediately with strong bullish momentum. The momentum then starting to slow down while approaching the supply levels, we can see price is now reacting off this 15m D2S (major supply but just a CPB). Overall HTF is showing bullish intention atm, although we are in bearish OF in 4H but price could now...
Daily and 4H is now in bearish OF, HTF showing bearish intention and price is heading towards a weak low. However, price is reacting off a major extreme demand we might get a temporary pullback to grab more BSL breaking the weak daily low. If we are looking for Long to grab the BSL, it's best to wait for 15m bullish intention to be confirmed as now everything is...