Markets are bouncing and showing a sign of strength. Confluence on the channel low, 786 fib, VAH and a monthly front-run. Looks like a great long to me.
Bearish sentiment. Nice SFP from the lows, touching the VAL. Also new longs coming in. I would say we could be going up towards the 2021 POC once again.
Almost identical fractal playing out. Wouldn't surprise me if we just copy paste this Wyckoff distribution scheme. Possible short entry around 0.66, this level is still highly respected.
Are we in a re-distribution phase like we did on Februari 26 2020? Looks very similar with todays market structure. If we get low volume on the break-out of the range, we will probably do a final shake-out before we go up again.
