MY ANALAYSIS IS FOR BTC... IS MARKET PREVIOUS (HIGH LIQUIDITY SWEEP)+LONG WICK REJECTION AND CLOSED UNDER ON PREVIOUS SUPPLY ZONE
ON 15MINUTE TF + TRENDLINE BREAK.
I backtested this and observed that whenever there is a trend (either up or down), once a CHOCH occurs—like in BTC right now where buyers have made a CHOCH—the previous selling pressure is expected to return. This should happen when buyers start to weaken or stop. Also, there is a main FVG below on the 15-minute timeframe, which price is likely to come down and tap.
If my analysis is not correct, please suggest improvements or share your own perspective so I can refine it further.
ON 15MINUTE TF + TRENDLINE BREAK.
I backtested this and observed that whenever there is a trend (either up or down), once a CHOCH occurs—like in BTC right now where buyers have made a CHOCH—the previous selling pressure is expected to return. This should happen when buyers start to weaken or stop. Also, there is a main FVG below on the 15-minute timeframe, which price is likely to come down and tap.
If my analysis is not correct, please suggest improvements or share your own perspective so I can refine it further.
mannnnan