I can see SPY moving this way—a potential relief rally off the unmitigated order block from September that caused the imbalance and the macro Break of Structure (BoS). We've already taken out some key sell-side liquidity at the Equal Lows from October/November (EQL), so there's no immediate need to keep chasing more sell-side liquidity.
If an aggressive buyer steps in, I could see price pushing back up through the Bullish Order Block, retesting the Equal High (EQH) I marked earlier, which would tap into buy-side liquidity. From there, it could reach the bearish order block that caused the imbalance, triggering the Change of Character (CHoCH), and then reverse lower, as it looks we are now in bearish order flow for the timeframe.
If an aggressive buyer steps in, I could see price pushing back up through the Bullish Order Block, retesting the Equal High (EQH) I marked earlier, which would tap into buy-side liquidity. From there, it could reach the bearish order block that caused the imbalance, triggering the Change of Character (CHoCH), and then reverse lower, as it looks we are now in bearish order flow for the timeframe.
Dagangan aktif
Looking good. Timing may be a little off, still targeting that $6000 level.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.