Weak Confluences Prior To Objective

CONCLUSIONS:

SUPPORTS

TOTALS:

DISPROVES

TOTALS: 1 & - 1.00 R-Multiple.

23/8/2024

Structure: In Favour.

Result: 15M LRBL was sought & ( -1.00 R-Multiple).

Confluences: 15M LRBL above a 4H ERT bearish inverse FVG and a 15M ERT bearish inverse FVG, and within a 1H ERT bearish inverse FVG.

Close of Candle:

Timeframe of Displacement:

  • 4H ERT Inverse FVG: External.
  • 15M ERT Inverse FVG: External.
  • 1H ERT Inverse FVG: External.

Probable Confluences: 2/3.

  • 15M ERT Inverse FVG.
  • 1H ERT inverse FVG.

Improbable Confluences:

Undefined Confluences: 1/3.

  • 4H ERT Inverse FVG.

Supplementary Confluences: FVG’s.

Initiation Liquidity: 15M LRSL.