This is a mixture of Wyckoff and ICT ,so bare with me. We are at the end of the phase cycle. We would technically be in PHASE E, which would be where the market trades outside the TR ( trading range) . Now the market is consolidating as a retest to the top of the TR. It will either hold it or retrace back to 50% of the TR which would also be at an Discounted Area (green zones). We currently in premium aka the red boxes. Liquidity BSL is also resting above from last Thurs and this Wed. Would love to see price grab that while going to EXTREME premium, before shooting down to push PRICE HIGHER... just waiting to see. I got more Lower timeframe ICT based markups if yall mess with this one.
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n the Screenshot above, I'm currently shorting on a LTF just TEN pips. The arrows indicate where the market SPECIFICALLY retraces EVERY 3 minutes right after the end of London KZ. Going into 5am. A turtle soup was also formed which cleared out liquidity and played into a bearish OB. Now as we can see its a NEW HOUR. I applied the Quarter Theory mixed with the 90 MINUTE CYCLE (scaled down to use fractally since I'm on minute chart) . The market is going into its last quad for 6 o clock. It will continue to downside or REVERSE back up. IM no financial advisor by the way. Sorry if this sound too complicated lol.
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LTF price is at the bottom of the TRADING RANGE which is an extreme discounted range .. Something to be mindful of. Could expect pullback . m just watching.Nota
The schematic that could be showing ^Nota
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I won my 2 Ten Pip trades for the morning. Goodluckto all traders for rest of day .Nota
Bullish Volume showing divergence while bearish volume increasing.v
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.