Weak Confluences Prior To Objective

CONCLUSIONS:

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SUPPORTS

TOTALS: 1 & 1.37 R-Multiple.

12/9/2023

Structure: Lack Of (Hourly & Below).

Result: No further bearish confluences were sought (as strong COC occurred), but (1.37 R-Multiple).

Confluences: A 15M bearish inverse FVG within a 4H WG bearish inverse FVG.

Close of Candle: Greater Than.

Timeframe of FVG: 4H.

Supplementary Confluences: Conglomerate.

Initiation Liquidity: 15M LRSL.

DISPROVES

TOTALS: 1 & - 1.00 R-Multiple.

21/11/2024

Structure: Lack Of (Hourly & Below).

Result: The 15M bearish FVG (after 15M bearish inverse FVG) was sought & (- 1.00 R-Multiple).

Confluences: 15M bearish FVG above a 15M WG bearish inverse FVG.

Close of Candle: Greater Than.

Timeframe of FVG: 15M.

Supplementary Confluences: Conglomerate.

Initiation Liquidity: 15M LRSL.