#PriceAction
Beautiful PA today.
Currently sitting in a long and wanted to go on a step by step process on what the market displayed today.
1. Market Structure Break
2. Breaker Forms
3. Market Structure Shift
4. OTE + FIB
5. Price back to discount (Breaker)
Beautiful PA today.
Currently sitting in a long and wanted to go on a step by step process on what the market displayed today.
1. Market Structure Break
2. Breaker Forms
3. Market Structure Shift
4. OTE + FIB
5. Price back to discount (Breaker)
2/4
1. Market Structure Break
MS breaks indicating we have shifted LTF trend.
2. Breaker Forms
Up candle that led to break in MS failing to hold as institutional context flips into a breaker.
1. Market Structure Break
MS breaks indicating we have shifted LTF trend.
2. Breaker Forms
Up candle that led to break in MS failing to hold as institutional context flips into a breaker.
3/4
3. Market Structure Shift
Market shifts closing above previous key swing highs.
Breaker is confirmed as level of demand
4. OTE+ FIB
Fibonacci extension tool from bottom to top of the move market by .705 as optimal trade entry (OTE) which is found inside the untapped breaker
3. Market Structure Shift
Market shifts closing above previous key swing highs.
Breaker is confirmed as level of demand
4. OTE+ FIB
Fibonacci extension tool from bottom to top of the move market by .705 as optimal trade entry (OTE) which is found inside the untapped breaker
4/4
5. Discount Breaker
Price returns to breaker and OTE before moving away at a discount.
5. Discount Breaker
Price returns to breaker and OTE before moving away at a discount.
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