Initiation Within Confluences

CONCLUSIONS:

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SUPPORTS

TOTALS:

DISPROVES

TOTALS: 1 & - 1.00 R-Multiple.

5/10/2023

Structure: Against.

Confluences: A 15M bullish FVG (after a 15M bullish FVG) within/out of the bullish; 4H inverse FVG, 4H WDT & ERT FVG, 1H inverse FVG x 2, and 30M inverse FVG x 2 the reasoning move was initiated within.

Probability of Confluences:

  • 4H WDT & ERT FVG: Undefined.
  • 4H Inverse FVG: Probable.
  • 1H Inverse FVG x 2: Undefined.
  • 30M Inverse FVG x 2: Undefined.

Result: The bullish confluence was sought (only after further liquidity was swept and alternate weak displacement was undergone) & ( - 1.00 R-Multiple).

Supplementary Confluences: Conglomerate.

Initiation Liquidity: 15M Swing Highs.