AU Comment:
The attached M5 shows consolidation (MMs building positions) in a setup's EP zone. If you look at larger TFs (M15 & higher) you can see PA has made double bottom already. Not saying to jump long on M5. However, might want to watch what happens after US session gets underway, because this might be getting set up for a move back higher again. And the US open MMs might pull this down a bit for a new wave and a better long entry.
The attached M5 shows consolidation (MMs building positions) in a setup's EP zone. If you look at larger TFs (M15 & higher) you can see PA has made double bottom already. Not saying to jump long on M5. However, might want to watch what happens after US session gets underway, because this might be getting set up for a move back higher again. And the US open MMs might pull this down a bit for a new wave and a better long entry.