Technical analysis of this week.
LEGEND
White line: short term H/L: liquidity that will eventually be grabbed.
purple line: long term: should not be breached, if so, analysis is wrong.
green line: equilibrium of the range// TP areas.
red rectangle: premium area: bounded by 61.8% and 71% of the range.
blue rectangle: discount area: bounded by 61.8% and 71% of the range.
lines with dollar signs above/ below: liquidity.
lines with cross signs above/ below: liquidity that is grabbed.
NOTE: I am not predicting the market: only if this scenario is being respected: and the market is giving me evidence thanks to the lower time frames, I will try to anticipate on this. This does not mean that trades will be risk free.
There is a great probability of still being wrong and the market doing it's own thing.
Analysis supported by lower time frames:
LEGEND
White line: short term H/L: liquidity that will eventually be grabbed.
purple line: long term: should not be breached, if so, analysis is wrong.
green line: equilibrium of the range// TP areas.
red rectangle: premium area: bounded by 61.8% and 71% of the range.
blue rectangle: discount area: bounded by 61.8% and 71% of the range.
lines with dollar signs above/ below: liquidity.
lines with cross signs above/ below: liquidity that is grabbed.
NOTE: I am not predicting the market: only if this scenario is being respected: and the market is giving me evidence thanks to the lower time frames, I will try to anticipate on this. This does not mean that trades will be risk free.
There is a great probability of still being wrong and the market doing it's own thing.
Analysis supported by lower time frames: