Surging bullish spikes following February seasonality (holiday influence) has increased prices overall momentum index leaving behind multiple areas improper price action is found in market structure.
Thus stating there will be a series of pivotal occurrences in the market along the next few days following market open, 28 of February
In Opposition to the previously posted analysis, this perspective is looking to sweep to new higher lows and creating a pivotal point in the market and ultimately a bullish run in the market
As a healthy bearish schematic is being formed with a leading dominate higher high followed by a series of higher lows. This entry point is dictated off of an institutional area anticipated to put on reserve until further liquidity is captured beyond whole level 1.3000
AFTER IDENTIFYING PHASES OF WYCKOFF THROUGH ACCUMULATION EVENTS PAITENCE WILL BE TAKEN INTO ACCOUNT FOR UNDERSTANDING PRICE ACTIONS DFESIRES, LIKELY ANTICIPATION SOF A SOW IN PHASE B OPENS UP OUR EYES TOWARDS BUYING OPPORTUNITES ON AN UPTHRUST AND CREATING NEW LOWER HIGHS WITHIN INSTITUTIONAL CANDLE RANGE
AS PRICE ACTION IS ON PAUSE OVER THE COURSE OF MARKET CLOSE, AREAS OF INTEREST ARE MARKED IN ORDER TO PROPERLY TRACK PRICE ACTION AND IDENTIFY WHAT WILL BE TE RESULT OF MARKET OPEN
AFTER LEAVING MULTIPLE AREAS OF IMBALANCE ON ITS WAY TO CURRENT POSITON, PRICE ACTION HAS NOW CONTRIBUTED REBUILDING TOWARDS A BULLISH CORRECTION WITHIN THE PATTERNED SCHEMATIC OF A CONSISTENT 50% PULLBACK INITIATIVE, CURRENT PA(PRICE ACTION) SITTING IN A VERY HIGH AREA OF INTEREST HAS NOW INTICED A BUYING OPPORTUNITY AND WILL KEEP TRADERS EYES OPEN FOR ANY SIGN...
AFTER PROCEEDING THROUGH WYCKOFF SCHEMATICS AND SUCCESSFULLY CARRYING OUT PREVIOUSLY STATED BIAS
UPON FIB RETRACEMENTS, PRICE HAS NOW ENTERED A NEUTRAL ZONE OF DISTRIBUTION AND IS ALLOWING FOR AN OPPORTUINTY TO EXPAND TO IMMERSE, THUS A FIB TOOL HAS SHOWN AN AREA OF INTEREST PRICE WILL MIGRATE TO AND LIKELY REJECT AND CREATING AN UP THRUST AFTER DISTRIBUTION UTAD
AFTER FOLLOWING WYCKOFF EVENTS OF DISTRIBUTION SCHEMATIC, PRICE ACTION IS DISPLAYING LAST POINT OF SUPPLY
THIS INTIATES ANTICIPATION OF AN AREA OF INTERST TO WHERE PRICE WILL POSSIBLY REJECT AND FOLLOW WITH A PULLBACK TO THE UPSIDE
WHILE NOT LONG AFTER PROCEEDING THROUGH A RETRACEMENT ZONE, AND CONTINUING IN BEARISH MOMENTUM
WITH THE AREA OF INTERES OF A 15MIN TIME FRAME IMBALANCE MARKED UP, WATCHING HOW PRICE REACTS WITHIN THIS AREA WILL EITHER ALLOW FOR THE CONTIATUON OF MITAGATION ON HIGHER TIME FRAME OR BREAK BELOW MARKED AREA AND CONTINUE IN BEARISH MOMENTUM FOR A LIQUIDITY SWEEP
AS PRICE HAS TAPPED INTO HIGHER TIMEFRAME IPA CANDLE AND REJECTED TO THE DOWNSIDE THIS HAS DEMONSTRATED BEARISH STRUCTURE TO BE MAINTAINED, THEREFORE ALOOWING FO RTHE AREA OF INTEREST TO BE CREATED AT .72800 WHETHER PRICE BREAKS THROUGH OR RESPECTS IPA AND WILL THEN PROCEED IN BEARISH MOMENTUM AND SWEEPING MARKED LIQUIDITY
WITHIN PROPER MEASUREMENTS OF FIBBONACCI TOOL A 78% RETRACEMENT ZONE HAS BEEN CALCULATED AND PRICE IS NOW SHOWING A BULLISH REJECTION, THIS SIGNIFIES A HIGH INTEREST IN A SELLING POSTION, WITH HIGHER TIME FRAME MAINTING BULLISH STRUCTURE, A FIB TOOL HAS ALSO MEASURED A 78% AREA FOR THE POSSIBILITY FOR AN ENTRY OF A BUY TO THE BULLISH SIDE OF THE MARKET
IN THIS PARTICULAR SETUP THERE HAS BEEN A RESPECTED HIGH AT PRICE LEVEL 104.800
GIVING REASON TO BELIEVE A LIQUIDITY CAPTURE IS IN THE PROCESS TOWARDS PRICE LEVEL 103.200 BEFORE THEN HAVING A MAJOR REACTION AND POSSIBLE CHANGE IN TREND DIRECTION
Looking for an entry for a selling position at or around 1.35000 with multiple take profits indicated, labelling a potential pullback to be seen in the market before continuing into a bullish trend and migrating into a complete mitigation cycle.
