US100 - Corrective Pullback into FVG + Golden Pocket setup?

24 apr

This 1H Nasdaq chart paints a classic structure of retracement within a bullish leg, offering potential for continuation after a clean corrective move into inefficiency. It's all about balance restoration before the next impulse.

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1. Resistance Reaction & Local Distribution

Price faced strong rejection at a clearly defined Resistance Zone, marking a point of supply where sellers stepped in with aggression.

- The sharp rejection indicates profit-taking from earlier longs or a short-term distribution zone.
- Structure is transitioning from impulsive to corrective, suggesting a pullback is unfolding rather than a trend reversal (at least for now).

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2. Short-Term Demand Zone Holding Price (Gray Box)

Before reaching deeper liquidity, price is hovering above a local demand block—a previously unmitigated consolidation that supported the last push up.

- This gray zone may provide temporary support, but lacks depth of imbalance.
- It's a weak floor, and smart money typically seeks deeper fills for proper re-accumulation.

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3. Fair Value Gap Below (Primary Draw on Liquidity)

The key area of interest lies just below, where a clean Fair Value Gap (FVG) is formed. This imbalance represents a void in price action where buy-side inefficiency remains.

- Aligned with the 0.618–0.65 Fibonacci retracement range (confluence entry).
- Price is likely to seek this inefficiency for proper rebalancing.
- It’s not just a “fill the gap” play—it’s a liquidity grab where smart money is most likely waiting.

This zone is ideal for reaccumulation before resuming the move higher.

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4. Internal Structure Suggests Bullish Intent After Fill

Price is forecasted to:

- Step 1: Break beneath the short-term demand to draw in liquidity
- Step 2: Tag the FVG zone, tapping into fresh demand
- Step 3: Shift structure via higher low formation and breakout

This is the behavior of an engineered retracement—not panic selling.

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5. Macro Bias Still Bullish – Controlled Pullback

While the short-term price action looks bearish, the context remains supportive of upward continuation:

- No signs of aggressive selling below structure
- Current flow is corrective, not distributive
- FVG zone is strategically placed in alignment with optimal trade entry levels (OTE)

If this zone holds, expect a return to bullish expansion targeting inefficiencies left behind on the push down.

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Conclusion:

This setup is textbook:

- Efficient rejection at resistance
- Controlled retracement into FVG with Fibonacci confluence
- Potential structural shift post-rebalance

Watch for bullish intent to return once the imbalance is filled. Until then, this is not a breakdown—it's a setup.

25 apr

Ordine annullato

Big bounce off the opening gap! Should have expected this! this happens often.