I’m holding off on a re-entry as we approach the Flash PMI at 9:45 AM. My bias is that there’s a potential for price manipulation to push higher above buy-side liquidity, taking out the highs before continuing lower. I’m waiting for the PMI release to confirm this idea and get better clarity on the market direction.
Bias: Expecting a possible manipulation higher to take out buy-side liquidity, followed by a continuation lower.
Waiting for Flash PMI to unfold before making any further decisions.
Bias: Expecting a possible manipulation higher to take out buy-side liquidity, followed by a continuation lower.
Waiting for Flash PMI to unfold before making any further decisions.
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