Price is in an area where it is likely to drop down into the inefficiencies below market price. 💎If we close below the low of the respective +OB’s, we must submit to the idea that ITH High has been put in place. Not that it's the top, not that it can't go higher later on in the year, it just means for right now it would change gears and then we would likely look for LTF Sell setups. Nothing on these charts indicates bear market yet.
Because we are in an area where it could go either way, we have to force ourself to go down into LTF and trade the sessions. 💎We’ll be looking for inefficiencies and/or buy-side or sell-side liquidity for draws on liquidity and technically not have a bias intraday.
Don't even try to take a trade on it. Just observe it and watch it. We won't be trading until we get to Tuesday. We want to use Monday's trading to provide us a better backdrop or foundation to what we think the weekly candlestick is going to do. Because as of right now, our mode of thought going forward for this particular trading week is intraday only, no daily bias, and that means we have to trade intraday volatility. That means buy-side or sell-side liquidity and/or trading for inefficiencies.