Weak Confluences Prior To Objective

CONCLUSIONS:

SUPPORTS

TOTALS:

DISPROVES

TOTALS: 1 & - 1.00 R-Multiple.

17/10/2023

Structure: Lack Of (Hourly & below).

Result: A valid bearish confluence was generated prior to any weak ones and was sought after alternate weak displacement & - 1.00 R-Multiple.

Confluences: A 30M bearish inverse FVG above a bearish; 30M IRT inverse FVG and 15M ERT inverse FVG and within a bearish; 15M IRT FVG and 30M IRT FVG.

Close of Candle:

Timeframe of Displacement:

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

Probable Confluences: 4/4.

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

Improbable Confluences:

Undefined Confluences:

Supplementary Confluences: Already Filled FVG’s.

Initiation Liquidity: 1H LRSL.