After identifying where the market broke structure; forming a higher low that did not overlap with the last lower high over the impulsive move that was not only a means of capturing liquidity but also used as a stop hunt of the buyers climax. it was evident to me that there was the manifestation of demand in the form of a fair value gap. It just stood out to me after seeing how the market was manipulated so i applied fibs from the last lower high to the end of the move which is where i have it labeled UT. the 95% discount level corresponds with the 50% mark of the fvg so that plays as a another confirmation. i will be waiting for price to be distributed towards my point of interest and i will enter there for the buy when it reaches. There is a visible uptrend that had formed, that buy side liquidity will be fuel for the market reaching this p.o.i forming what i deem to be a true test of the Sow, giving a lovely buy opportunity.
i will be taking profit at the -95% because fibonacci often follows the law of correspondence, as above so below, inversely its the same, as below so above. after this position is complete i will transition into a sell position, because, supply has plainly manifested itself in the form of a bearish OB on the 1M timeframe. this is what i have labeled as the UTAD.
i will be taking profit at the -95% because fibonacci often follows the law of correspondence, as above so below, inversely its the same, as below so above. after this position is complete i will transition into a sell position, because, supply has plainly manifested itself in the form of a bearish OB on the 1M timeframe. this is what i have labeled as the UTAD.