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Why do we consider that 5m FVG❓
Even though we were looking for the Weekly BISI as DOL, this move on DXY could change the bias. We are not here to force our ideas on the marketplace.
📝Symmetrical Market is when all 3 averages are moving the same direction and the Dollar is moving in the opposite direction.
👁 We have mixed bag on indices. How do we know which is the right direction❓ 💎 However FX pairs are going higher while Dollar is going lower. NQ is also going higher. We use the Sick Sister approach on ES and YM to catch up with the rest of the market.
In other words look for the asset that is deviating from the Perfect symmetry and look for opportunities to catch up with the rest. In this case ES could run for Buyside and into an old NWOG. This is our Bias.
Notice how price is 🗝trapped between bullish and bearish PD arrays, the Breaker and SIBI. So even though we have our Bias we don’t rush it. We can see price is respecting the SIBI so far. We wait for price to escape the range bound action and then look for entry. In this case that means going above the Bearish FVG and using it as Support. Also the markets are not symmetrical. YM and ES are not joining the Risk ON scenario provided by the Dollar while FX pairs did go higher. We exercise patience. We stick to our rules, these things repeat when all things are in alignment. We don’t care missing a move.
What could loosen up the markets so they can move more freely? Large part of capital is been parked. So it either has get scared and move around or see an opportunity to take more risk. That doesn’t seem possible because, right now geopolitical conditions are far from ideal.
What qualifies as Inversion level? A candle close above. Then a new one opening above and coming down to the Imbalance.
💎We can leave Breakaway Gap on NQ if dollars FAILS to RALLY.