Firstly, apologies for missing a stronger retest within the Monthly Imbalance where price reached 158.4X
Looking at the monthly and also looking left saw net wicks close out at 156.X hence my analysis using probability and Imbalance positional knowledge for sells being marked here.
Monthly view
The monthly view shows a strong retest to which engulfed to a half body Imbalance within the monthly candle. This has essentially completed from the crucial low of 2020 at 124.28 to the -0.786+ completed extension of 158.18
Monthly Fibonacci Sequence
This shows the bullish completion from the swing low completion. Which now counteracts as a positional . To where a zero formation at 142.74.
Smaller Fibonacci's can be placed in between to assist in smaller daily trade, where looking for buys or sells at range tops. See below for an example.
Buying Daily Fibonacci
upon Daily Imbalance retest
rules:
Result:
0.705% and 0.618 Retracement were required - the trend is still buying, but the clear indication of a buying opportunity using Confirmations upon identifying a smaller imbalance. A Fibonacci can be applied to this level. This the clearest opportunity.
Now let's review an inverse Fibonacci structure, this time using a four hour structure.
Firstly, an identified setup has been located.
Here, price is on the daily bullish, but a 4hour correctional move is required within the structure.
Using the rule of confirmations and structure - price will not always revert back to a fresh supply.
Two rules prevent this.
1/ Structure by looking left holds a consolidated zone.
2/ Engulfing candles indicate a smaller retrace in order to continue the move.
An extra point;
3/ Incase of a whipsaw candle, structure will invalidate these smaller timeframe rules, so always refer to daily imbalances.
The setup
Here is what the strategy will be to look to enter the rules are not invalidated.
Either zone (0.382) or (0.236) will be the zone of where price will bounce between and reject.
Subject to rejection, adding a position here upon 151.00 confirm close of hourly candles will provide an impulsive sell, with a target to -0.27, -0.618
The result
Where price created a selling channel upon a bottom trendline, but the trade would have generated a great opportunity to sell on multiple occasions.
It comes with practice and psychological movements to add pressure on the position ofcourse, so take what profit is given at partials.
Adding in the all important structure lines in to show where market patterns are allocated.
It seems clear right? Price is respecting the pivot structural positions upon the Fibonacci pivots.
Do you enjoy the setups?
Professional analyst with 5+ years experience
Focus on technical output not fundamentals
Position and swing trades
Provide updates where necessary - with new updated ideas tracking the progress.
If you like the idea, please leave a like or comment.
To all the followers, thank you for your continued support.
Thanks,
LVPA MMXXI
Looking at the monthly and also looking left saw net wicks close out at 156.X hence my analysis using probability and Imbalance positional knowledge for sells being marked here.
Monthly view
The monthly view shows a strong retest to which engulfed to a half body Imbalance within the monthly candle. This has essentially completed from the crucial low of 2020 at 124.28 to the -0.786+ completed extension of 158.18
Monthly Fibonacci Sequence
This shows the bullish completion from the swing low completion. Which now counteracts as a positional . To where a zero formation at 142.74.
Smaller Fibonacci's can be placed in between to assist in smaller daily trade, where looking for buys or sells at range tops. See below for an example.
Buying Daily Fibonacci
upon Daily Imbalance retest
rules:
- structure is bullish
Remember; do not buy tops
Price has created a strong imbalance on the daily.
Price needs to reverse
Confirmation buys will be pending between
0.618 & 0.705
Result:
0.705% and 0.618 Retracement were required - the trend is still buying, but the clear indication of a buying opportunity using Confirmations upon identifying a smaller imbalance. A Fibonacci can be applied to this level. This the clearest opportunity.
Now let's review an inverse Fibonacci structure, this time using a four hour structure.
Firstly, an identified setup has been located.
Here, price is on the daily bullish, but a 4hour correctional move is required within the structure.
Using the rule of confirmations and structure - price will not always revert back to a fresh supply.
Two rules prevent this.
1/ Structure by looking left holds a consolidated zone.
2/ Engulfing candles indicate a smaller retrace in order to continue the move.
An extra point;
3/ Incase of a whipsaw candle, structure will invalidate these smaller timeframe rules, so always refer to daily imbalances.
The setup
Here is what the strategy will be to look to enter the rules are not invalidated.
Either zone (0.382) or (0.236) will be the zone of where price will bounce between and reject.
Subject to rejection, adding a position here upon 151.00 confirm close of hourly candles will provide an impulsive sell, with a target to -0.27, -0.618
The result
Where price created a selling channel upon a bottom trendline, but the trade would have generated a great opportunity to sell on multiple occasions.
It comes with practice and psychological movements to add pressure on the position ofcourse, so take what profit is given at partials.
Adding in the all important structure lines in to show where market patterns are allocated.
It seems clear right? Price is respecting the pivot structural positions upon the Fibonacci pivots.
Do you enjoy the setups?
Professional analyst with 5+ years experience
Focus on technical output not fundamentals
Position and swing trades
Provide updates where necessary - with new updated ideas tracking the progress.
If you like the idea, please leave a like or comment.
To all the followers, thank you for your continued support.
Thanks,
LVPA MMXXI
