US30 WYCKOFF DISTRIBUTION FIRST LONG AND THEN SHORT.
已更新
Hello everyone, I am posting here my analysis about what could happen next on US30 and why.
on 4 hour time frame we can see the PSY, BC , AR, ST , SOW and UT have already been formed.
The price has shown indecision and hence gave a reversal after breaking the RETAIL support (Providing break of structure or activating pending stop orders), it can be seen that the price is deflecting after breaking the retail support and now reversing.
To which I believe price will form a new weekly high this or next week where we could have a UTAD (Formation of Order Block) and on the restest of UTAD I would go short.
On this analysis, there are few Liquidity lines marked up above UT, which means , the price might break any of these liquidity lines (Break Of Structure) and then form UTAD (Order Block).
Please feel free to comment, like or share. Also, If you are against this idea, please raise a valid point.
Thank you..
TheEdger.
on 4 hour time frame we can see the PSY, BC , AR, ST , SOW and UT have already been formed.
The price has shown indecision and hence gave a reversal after breaking the RETAIL support (Providing break of structure or activating pending stop orders), it can be seen that the price is deflecting after breaking the retail support and now reversing.
To which I believe price will form a new weekly high this or next week where we could have a UTAD (Formation of Order Block) and on the restest of UTAD I would go short.
On this analysis, there are few Liquidity lines marked up above UT, which means , the price might break any of these liquidity lines (Break Of Structure) and then form UTAD (Order Block).
Please feel free to comment, like or share. Also, If you are against this idea, please raise a valid point.
Thank you..
TheEdger.
注释
UTAD has been formed market is now about to test UTAD and i have shared two entries. One is with a tight stop loss and the other one has a bigger stop, you can choose yours accordingly. I highly anticipate the market will make its move to the shorter side in the next week.
注释
ACTIVE AND TANKING, BREAK EVEN!!!
注释
1:7 RR was reached and market shifted its bias, i.e. the positions were added too early, it is a sign that the last high from where the positions were opened was not UTAD and TEST. These levels are at much higher points were more Buy side Liquidity is laying.
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