ES, Q2 25 - Path to Recovery

25 mar

ES1! swept the major liquidity resting below the Sep 24 low and is already starting to show signs of a reversal.

Price could just keep pushing higher, but with a Volume Imbalance, IFVG, and Wickless Candle all lining up in the same zone, it’s a high-probability area for a retracement before any continuation.

From there, I’m expecting a brief accumulation around the weekly FVG, which also aligns with the equilibrium (50%) of this entire leg down.

After that, I’m looking for a break through the weekly FVG, a retracement back into it, then a move higher into the Daily FVG. Another small retracement from there and finally, a push up into the Feb 25 High.

A strong reversal from the weekly FVG would invalidate this scenario and could potentially slow down the recovery.

25 mar

Nota

Note: Flat candle is incorrectly labelled. There is a very small manipulation. I still think a retracement to that area is very likely to happen.