We see the structure of PO3 (Power of Three). Three similar formations in a row.
Alternate stages of the price behavior: accumulation, manipulation, and distribution.
Often, it is a narrow corridor (range) in which liquidity forms on both sides of the traded levels. The purpose of accumulation is to accumulate a large amount of liquidity.
Manipulation means dragging the price in the direction opposite to the natural movement to remove liquidity and create conditions for opening retail positions by traders trading the breakout.
Once we have collected the liquidity and the retailer traders trading on the breakdown of the resistance level, which is the upper limit of the range, have entered the position, a movement occurs.
Once we have collected the liquidity and the traders trading on the breakdown of the resistance level (the upper limit of the range) have entered the position - a movement occurs.
Usually, the manipulation happens against the main structure of HTF (higher timeframe) while the distribution is in sync with HTF.
We considered a position entry upon confirmation of a price reversal on LTF (lower time frame) in the deviation zone (manipulation).
With each subsequent repetition of the pattern in a row, the probability of working it out decreases, although we still have good reasons for considering a sell trade with some comfortable RR (risk/reward) for you.
We can consider liquidity levels/zones as targets indicated on the chart. Also, PO3 indicates that we may soon update the lows. There is a slight bearish divergence by the volumes and RSI (+overbought).
Best regards,
EXCAVO
Alternate stages of the price behavior: accumulation, manipulation, and distribution.
Often, it is a narrow corridor (range) in which liquidity forms on both sides of the traded levels. The purpose of accumulation is to accumulate a large amount of liquidity.
Manipulation means dragging the price in the direction opposite to the natural movement to remove liquidity and create conditions for opening retail positions by traders trading the breakout.
Once we have collected the liquidity and the retailer traders trading on the breakdown of the resistance level, which is the upper limit of the range, have entered the position, a movement occurs.
Once we have collected the liquidity and the traders trading on the breakdown of the resistance level (the upper limit of the range) have entered the position - a movement occurs.
Usually, the manipulation happens against the main structure of HTF (higher timeframe) while the distribution is in sync with HTF.
We considered a position entry upon confirmation of a price reversal on LTF (lower time frame) in the deviation zone (manipulation).
With each subsequent repetition of the pattern in a row, the probability of working it out decreases, although we still have good reasons for considering a sell trade with some comfortable RR (risk/reward) for you.
We can consider liquidity levels/zones as targets indicated on the chart. Also, PO3 indicates that we may soon update the lows. There is a slight bearish divergence by the volumes and RSI (+overbought).
Best regards,
EXCAVO
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