Chronic22

price will seek liquidity below the phantom trendline......

Long
OANDA:NAS100USD   US Nas 100
Taking a broader view on the 4-hour chart, we can see the formation of a bullish Fair Value Gap (FVG) that has yet to fully close. Typically, price will seek to fill this gap as it represents untapped liquidity. Zooming into the 15-minute chart, we can expect price to drop down to seek liquidity below the phantom trendline and 50% equilibrium level. This would bring price into discount territory and present potential buy setups. The expectation is that price will tap into the existing 15-minute bullish order block to distribute higher. In summary, the 4-hour chart implies an upside bias once the FVG fills, while the 15-minute chart suggests we may see a dip into discount levels first. This could present a buying opportunity before continuation higher to fill the 4-hour bullish open gap. Patience will be key to see how price behaves around the identified liquidity zones.
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.