<aside> <img src="/icons/reorder_gray.svg" alt="/icons/reorder_gray.svg" width="40px" /> Wicks are gaps / Nested PD arrays / Mitigation block / Inversion gap
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We can expect large down close candle reaching below that low. And if this is a sustained decline we could be heading to the lower Sellside. That will allow some upside on EUR and GBP and foreign currencies.
EUR rallied higher and its on a striking distance from the Buyside Liquidity. We also have SIBI above, that could be the next DOL after BSL is taken out. What could change that?
If we go below the Consequent Encroachment of the OB, down close candle. If trade below that, we are reaching for the lower FVG.
If returns to the FVG, in can be EQ Short term Discount.
3 Liquidity pools inside that SIBI. Its likely that we can punch through the SIBI and reach for 1.25 big figure. And possibly to the upper Liquidity pool. What could change that?
Break below that low. Bullish until that happens.
WICKS ARE GAPS
The algorithm refers to a wick as gap! And a Gap would want to be traded to its CE
Price comes back into Nested PD arrays. REL inside OB/BISI and in 2 hourly Imbalances.