This range has buy & sell side liquidity that needs to be tackled. Ideally, I want to see a strong push above the consolidation into the order block marked before a reversal to the downside, as illustrated.
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Liquidity, Footprints, Level ll which is all considered within the framework of 'smart money concepts'
December is traditionally known for the lack of liquidity and reduced volume in turn which causes increased volatility. Traditionally many including...
Ideally, we want a strong wick down into the structure/order block before upside continuation.
I will be placing a buy limit around the region marked.
The sentiment is 50/50 on the direction of this market so we need to play it by ear.
COT - Institutions are fixated on a sell bias and have their sell positions loaded.
Price pulled back to the Weekly Bearish Orderblock. Price gave signature reversal trapping pattern on M15 trapping most retail traders long.
TP targets are where the lowest levels of retail stop losses will be located which is where the Smart Money will bank their profits.