Last week we had a very strong sell off and then a strong bullish Friday to finish off the week .
looking over my notes I saw that on the weekly we were headed to a FVG gap above and equal highs to target, once it tapped those two I noticed a sell opportunity at market this morning. I saw a false down move to the down side around 8:30 am and I got caught in that though I held my position with my stop above the holding daily high of the day.
soon after I noticed at 9:30 equities open it created a liquidity grab possibly a "POWER OF THREE" meaning that there 1. accumulation 2. manipulation 3. displacement
which falls with the 2022 model strategy I'm following. it comeback to like I said previously to grab liquidity or stop out early sellers and continue in the water direction of the day. the target was a the nearest previous SSL and final target was SSL noted around 14331.5.
will eye market tomorrow and see if it presents a set up have a great night !
looking over my notes I saw that on the weekly we were headed to a FVG gap above and equal highs to target, once it tapped those two I noticed a sell opportunity at market this morning. I saw a false down move to the down side around 8:30 am and I got caught in that though I held my position with my stop above the holding daily high of the day.
soon after I noticed at 9:30 equities open it created a liquidity grab possibly a "POWER OF THREE" meaning that there 1. accumulation 2. manipulation 3. displacement
which falls with the 2022 model strategy I'm following. it comeback to like I said previously to grab liquidity or stop out early sellers and continue in the water direction of the day. the target was a the nearest previous SSL and final target was SSL noted around 14331.5.
will eye market tomorrow and see if it presents a set up have a great night !
Comment:
(edit) continue in the wanted direction of the day *