I think the value of identifying inefficiencies is a major key to success (whether you call them Fair value gap (FVG), inefficiency, imbalance, void, etc)
Here's a quick technique to use them in trading 👇
Step #1:
Identify the FVG. Can vary among different timeframes but stick to the timeframe you are trading on
Step #2:
Find the Order Block prior to the FVG & draw a parallel channel to identify this. Make sure Midpoint of channel is showing
Step #3:
Place bids near EQ if expecting a bounce
Step #4:
Prime entry 👌
*I'll expand on a few more techniques soon. Hope this was helpful
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I say no. I'm a big advocate of studying the past and learning from it. I've been studying capitulation in detail and have found 2 phases of capitulation
Redistribution & Reversal
I argue BTC is in redistribution phase
2/ Redistribution: A continuation pattern. Money shifting b/w investors who think bottom is in
Example 1: Extended redistribution
Creates a range, breaks above range (upthrust) but not enough strength for continuation
Look how closely it reflects the current range of BTC
3/
Example 2: Compressed redistribution
Creates a range, breaks above EQ of range but not enough volume & gets rejected by EQ. This is quicker than example 1
This is also similar to current BTC pattern. The next few days will prove if there is an upthrust or continued drop