Weak Confluences Prior To Objective

CONCLUSIONS:

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SUPPORTS

TOTALS: 1 & 2.48 R-Multiple.

17/10/2024

Structure: Lack Of (4H & Below).

Result: 15M bearish FVG (valid confluence) was sought & (2.48 R-Multiple).

Confluences: 15M bearish FVG above a 15M WG & ERT bearish inverse FVG and a 15M IRT bearish inverse FVG, and within a 30M WG & IRT Bearish inverse FVG and 1H WG & IRT bearish inverse FVG.

Close of Candle:

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

Timeframe of Displacement:

  • 15M WG & ERT Inverse FVG: External.
  • 30M WG & IRT Inverse FVG: Internal.
  • 1H WG & IRT Inverse FVG: Internal.
  • 15M IRT Inverse FVG: Internal.

Probable Confluences: 2/4.

  • 15M WG & ERT Inverse FVG.
  • 15M IRT Inverse FVG.

Improbable Confluences:

Undefined Confluences: 2/4.

  • 30M WG & IRT Inverse FVG.
  • 1H WG & IRT Inverse FVG.

Supplementary Confluences: Already Filled FVG’s.

Initiation Liquidity: 15M Swing Lows.

DISPROVES

TOTALS: 1 & - 1.00 R-Multiple.

22/8/2023

Structure: Lack Of (4H & Below).

Result: The bullish confluence was sought (after alternate weak displacement was undergone and a further weak confluence generated (which has not been included)) & ( - 1.00 R-Multiple).

Confluences: 15M swing lows (after 15M bullish FVG) within a bullish; 15M WG & ERT inverse FVG.

Close of Candle: Greater Than.

Timeframe of FVG: 15M.

Timeframe of Displacement: External.

Initiation Liquidity: 15M Swing Highs.