AVPT is extended above the EMA200 in the weekly timeframe, RSI is over 70 both in the daily and weekly timeframe.
We are now heading towards another supply zone coupled with a double order block (weekly & daily).
How to trade :
Entering into a short position once price crosses the -OB dashed line. ($10.69)
This is 1h timeframe.
Started the day with an entry at the lowest blue line 9.03 with a TP at the dashed line 9.51
As a general rule, if you have sell/buy side liquidity accumulation forming a pattern, once the first high/low is swept, the rest of highs (in that same parttern !) will probably follow. works better with highs than lows.
So now that we swept all...
Heading toward Buy side liquidity (BSL); if we fail to close above the weekly order block, another pull back is to be expected.
the Bullish mitigation block is also a high probability indicator that we will be going upwards, at least short term. we tested it and now going up to buy side liquidity.
We can see that price has surged due to positive news. headed towards a weekly sell side fair value gap, with a buy side faire value gap just on the extrimity of the red rectangle.
So we swept all the stop buy orders and now potentially heading for the down side.
We have also a weekly/daily order block that will serve as support.
If you see the chart, on May...
