Lesson : look left to get right
directional bias is correct focus on prior price action that is more significant for entry level. Watch for liquidity pools and institutional candles
Price playing out accordingly, buy trade activated - waiting for candle stick confirmation on the close of the 4h , 1h , 15min would like to see an institutional candle.
Utilizing the IM Harmonic Scanner I was able to identify this trading set up. The market price and the RSI showed perfect divergence making it a valid signal. I then proceeded to my trading view chart and marked it up with my own analysis.
Confirmations:
DIRECTIONAL BIAS
- Distribution Schematic (Buy to Sell Scenario)
- The flow of the Market
- Divergence
-...