DislikedIs this a classic forming in the aususd??? MM's made the price hit previous lows and hit DS in 4 bars, their volume are pretty high making some sort of a mountain. Stopping price with the 4th candle having a smaller volume than the one before (noticed that the 3rd and 4th candle have big lower shadows/wick). From then on the price went till mr1 now down to dragon {image}Ignored
Is it the LS?
Is there a bullish PA wave crossing up thru Dragon?
Is the Dragon angled up well?
Is PA above Dragon (even better if also above Trend)?
Is notable volume during PA wave (and prior) in support of bullish move?
It might not, but if price falls again below half number that should be a good entry long, unless something else happens to change the picture. Remember, the US session can bring a retrace. If that happens, price might again go below half number. We cannot know how the MMs will move price but often enough are the times when during the US session the MMs take price back to a better area for building positions,.....a stop hunt move.
-tah