First clues of supply on low tf and a look at the range I'm watching.
It's all just a conversation between buyers and sellers.
Currently below mid range.
Already have 4 touches of the low.
It's all just a conversation between buyers and sellers.
Currently below mid range.
Already have 4 touches of the low.
This line is also interesting.
The rule of 5's is in the mix.
Levels are finite.
Levels are finite.
High 8's seems likely if this stays below mid range.
I think the 9190 longs liq and cascade it down.
I think the 9190 longs liq and cascade it down.
If you are learning ranges and getting a feel for price action the current retest of the range low is a good thing to watch.
A lesson in s/r and likely a favorite amongst the UK folk.
This is a message for newer traders who are trying to become more comfortable and confident.
A lesson in s/r and likely a favorite amongst the UK folk.
This is a message for newer traders who are trying to become more comfortable and confident.
This has been a textbook range low retest for now.
Pair this with some liquidation levels on longs and more bearish price action and you have potential for cascading liqs into the high 8s.
Closing under 9200 on the daily would confirm.
Range reclaim invalidates.
#tools
Pair this with some liquidation levels on longs and more bearish price action and you have potential for cascading liqs into the high 8s.
Closing under 9200 on the daily would confirm.
Range reclaim invalidates.
#tools
