Weak Confluences Prior To Objective

CONCLUSIONS:

SUPPORTS

TOTALS: 1 & 1.76 R-Multiple.

17/9/2024

Structure: In Favour.

Result: The valid bullish confluence was sought & (1.76 R-Multiple).

Confluences: A 15M bullish FVG beneath a bullish; 15M WG inverse FVG and 30M WG inverse FVG at the same level, a 1H WDT & ERT FVG and within a 1H WG inverse FVG (at the same level as the previous confluence), and beneath a 1H WDT & ERT FVG.

Close of Candle:

  • 15M WG Inverse FVG: Greater Than.
  • 30M WG Inverse FVG: Greater Than.
  • 1H WDT & ERT FVG: Less Than.
  • 1H WG Inverse FVG: Greater Than.
  • 1H WDT & ERT FVG: Less Than.

Timeframe of Displacement:

  • 1H WDT & ERT FVG: External.
  • 1H WDT & ERT FVG: External.

Probable Confluences: 3/5.

  • 15M WG Inverse FVG.
  • 30M WG Inverse FVG.
  • 1H WG Inverse FVG.

Improbable Confluences:

Undefined Confluences:

  • 1H WDT & ERT FVG.
  • 1H WDT & ERT FVG.

Supplementary Confluences: Inverse FVG’s.

Initiation Liquidity: 15M Swing Highs.

DISPROVES

TOTALS: