Consolidation before spike up on Daily, looking to sell in this area after price comes back up.
Targeting weekly and monthly lows before sweeping outside liquidity (higher prices because of high time frame up-trend). Needs to fill gap before continuing higher, IMO.
Yellow Boxes = consolidation
Orange Boxes = Gaps or imbalance (fast moves/long candlesticks)
Black lines = Monthly/Weekly/Daily highs/lows that determine the trend
Blue lines = Possible Entries/Take Profit areas
Targeting weekly and monthly lows before sweeping outside liquidity (higher prices because of high time frame up-trend). Needs to fill gap before continuing higher, IMO.
Yellow Boxes = consolidation
Orange Boxes = Gaps or imbalance (fast moves/long candlesticks)
Black lines = Monthly/Weekly/Daily highs/lows that determine the trend
Blue lines = Possible Entries/Take Profit areas