The S&P has sold off tremendously this path month. Here price is displayed on the weekly timeframe. From this timeframe we can see that price bounced off a major support level and traded back up into a range. In this rains, it is a no trade zone until the levels are established with it being the last week of the month we can expect these levels to be hit sellside...
Backtested this idea asia session. Im looking to the left noticing the imbalance in price structure. Price shot high with no retrace in price. The take profits labeled are consider gaps in price where key levels are observed as fair value gaps .
All I can say is price likes to repeat itself. With that said, timing is everything. Once I learned how to set alerts. I’d became a better trader as far as my entry points.
