Consolidation Midweek Rally #8
I wanted the price to break last week’s high to confirm that it was moving upward, and this happened on Tuesday. I decided to wait for Wednesday, specifically after 2:30 PM NY time, to see if the price would return to the 15-minute order block. However, that didn’t happen. Instead, the price formed a double bottom, and below it, there was a 4-hour order block and the high of the mitigation block. Seeing this, I chose to step back and not trade.
On Friday, I also didn’t trade because I avoid trading after three consecutive daily candles, even though I expected the price to create the high of the week on that day.
On Friday, I also didn’t trade because I avoid trading after three consecutive daily candles, even though I expected the price to create the high of the week on that day.
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