NWOG - Friday’s Closing price and Sunday’s Opening price. We always extend that Gap for the rest for week.

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It act as a Magnet and will draw price back to it. Unless is a runaway train. Find the C.E. of that Gap. Price will refer to these specific levels. When you are not in a trending environment you want to look for these signatures. In trending environment, it will just touch it once and its off to the races. It won’t return.

💎One of the telltale signs that we are in consolidation and that it will most likely continue, is when price keeps coming multiple days back to it, intra week. It is when we won’t see in the near term a price run of any significance. We have to be very nimble. It doesn’t mean we have to be fearful, just don’t expect big price runs. You have to be aware of where this Gap is and use it as S&R. These 3 levels are highly sensitive and you will see price coming back to them.

Now we are looking if we fail to go above the low end of the SIBI. What would be valid break down?

Look how the candles overlap. Its like a well painted wall. With good painting roll you don’t leave any gaps. This very efficiently delivered price.

Because we have that whipping PA, now it is very hard to predict if we will go higher. We want that the market offer us more intel.

Right now its a 50-50% and we can expect both sides. We don’t what’s going to happen. And its okay to don’t know. Its not healthy and and not sustainable to expect to know everything all the time.

What would be a bullish scenario?

If we press above that FVG (trendlines) overnight. Then come back to it and use it as Support.

Preferably before we take out the Previous High above the SIBI. Then we would expect price to run to the Mean Threshold of the OB on the Daily Chart. IT will have to move above that level before we can consider the Buyside/VI. If you are bullish, your DOL are the MT and the BSL+VI.

The problems is we have those REL inside the NWOG. If we would have swept them already before reaching the SIBI low, then we can trust that price will be bullish. But because we left them, not its better to leave alone and wait. That’s a very important lesson. Avoid the need to always do something. Don’t push the button just to see what will happen. That’s gambling because there is not high probability for any direction.

We just bumped from the SIBI low end. Now we look if we break below the FVG, That’s a sign of weakness and a potential for price to reach for the Valid Break down lows. And if that happens we will drop down to the Sell side REL.

If you are bearish there shouldn’t be a way to frame a bullish scenario. That’s High Probability LRLR. And Vice versa for bullish. LRLR will be easily identified when the market is one sided.