after talks of interest rates still high by the FEDS the market traded lower -0.85%, price swept buy-side liquidity of the previous day’s high and closed below the previous day’s low signaling a potential bearish outlook for Friday. There was a structure shift seen in the 4-hour time frame with multiple bearish fair value gaps, which can also be seen in the 1-hour time frame. My anticipation coming into tomorrow is to see a Buy Side liquidity sweep into one of the fair value gaps getting above the new day's open and shifting back down creating a Power of 3 model in the pre-market hours or around the New York Open with targets at the daily imbalance or this week's opening price.
Comment:
price completely reversed but gave some insight of what can be happening for the next week