This is a day where to don’t to push the button to see what happens. It can move very quickly against you and the SL may not even save you.
We are looking at the 4091.25 level. Its too smooth. Are we going to reach it, reject and go lower? We don’t know it. Bc of that we want to wait and see how we deliver at 14:00. The first move usually is not the real move. Then at 14:30 the real move comes in.
So we have the Highs which are Buyside Liquidity and all the attempts to go lower (3).
And we are yet to go above this high above the FVG.
PD arrays are specific elements in PA, that repeat over and over again and they offer a reason for price to do something.
Half point of any OB (mitigation, breaker, OB) is mean threshold.
Any gap or wick, half point is Consequent Encroachment.
Even though price came up here and retraced we can still expect that it will run the Buyside.
At events like this we just observe what price is, where has been and where is going. Look how many times the lows were broken and now we are above them. How many highs have been taken?
Only the first up candle took out 3 highs. But what did it leave? The Buyside Liquidity Highs. In this case the market is providing reasons for retail to trust the 2 Buyside Highs as Resistance. This candy land. Those 2 Highs are priming. This is where the market is inducing the idea that those highs are trustworthy for lending resistance. Retail will think to short it and its safe to place SL above those levels. When 14:00 comes they are vanquished. This is how it looks like. We can be wrong and that’s okay cuz we don’t trade. IF we are wrong go and study what happened. Don’t think how much you could win or lose. We have NO idea. That’s why best is to 14:45 or the last hour of trading. Then the normal routine kicks in. You want to cherry pick where you enter trades. High impact news driver days can be traded, but not this. No FOMC, No CPI, No NFP. Those can rip your face off. It can give you the impression that you have it figured out. Like now the 2 Buyside.
Does this supports price to higher?
This is how ICT would make the market if he could. Run the Buy stops and the other Highs and then drop in into the 15m FVG.