Weak Confluences Prior To Objective

CONCLUSIONS:

SUPPORTS

TOTALS:

DISPROVES

TOTALS: 1 & - 1.00 R-Multiple.

27/10/2023

Structure: In Favour.

Result: The valid confluence was sought only after further liquidity was swept & ( - 1.00 R-Multiple).

Confluences: A 15M bullish inverse FVG beneath a bullish; 15M ERT inverse FVG and 30M ERT inverse FVG at the same level.

Close of Candle:

Timeframe of Displacement:

  • 15M ERT Inverse FVG: External.
  • 30M ERT Inverse FVG: External.

Probable Confluences: 2/2.

  • 15M ERT Inverse FVG.
  • 30M ERT Inverse FVG.

Improbable Confluences:

Undefined Confluences:

Supplementary Confluences: Already Filled FVG’s.

Initiation Liquidity: 15M LRBL.