US30 Pullback Entry

27 apr 2023

Awaiting a pullback. Price has finally pushed lower than the diverged area and so price is likely to continue to push down to find a demand. A pullback to the fair value gap area is likely, but it's likely that price will push higher to mitigate an institutional imbalance within the larger orderblock. Awaiting for more confluence once price reaches area of fvg to identify a schematic to push price back down to the target areas. SL might need to be adjusted when price pushes into area of interest. So should price reach the area of interest it is wiser to look for potential of liquidity sweep above AOI. Price could launch a spring or some other schematic of the sort etc.

1 mag 2023

Nota

I still believe that price will utimately return to satisfy the demand, but awaiting for more confirmation. So far it appears has liquidated all recent highs. Looking for confirmations that it will return.