We are generally in bearish momentum and as usual price takes staircase and not a lift.I think we have formed a swing low having traded through the previous swing low(old lows), i am anticipating for price to create a swing high in the near term.
I am anticipating price to pullback in the range after liquidity was grabbed below the old lows.
1. The draw of liquidity was the old lows of 2021 and there was FVG that was respected on Tuesday.
2. Price traded through the low monday thereby creating the low of the week.
3. Using Power 3 formation i anticipate price to trade up and seek liquidity to the FVG thereby creating a swing high for another short entries.
I am looking for buys today. Target is the FVG(liquidity pool).
I am anticipating price to pullback in the range after liquidity was grabbed below the old lows.
1. The draw of liquidity was the old lows of 2021 and there was FVG that was respected on Tuesday.
2. Price traded through the low monday thereby creating the low of the week.
3. Using Power 3 formation i anticipate price to trade up and seek liquidity to the FVG thereby creating a swing high for another short entries.
I am looking for buys today. Target is the FVG(liquidity pool).