Weak Confluences Prior To Objective

CONCLUSIONS:

_______________________________________________________________________________

SUPPORTS

TOTALS: 1 & 1.98 R-Multiple.

6/2/2024

Structure: Lack Of (Weekly & Below).

Result: The valid bearish confluence was sought & (1.98 R-Multiple).

Confluences: A 4H bearish FVG above a bearish; 15M WG inverse FVG, 15M WDT & ERT FVG, and 15M ERT inverse FVG, and within a 30M WDT & IRT FVG.

Close of Candle:

  • 15M WG Inverse FVG: Greater Than.
  • 15M WDT & ERT FVG: Greater Than.
  • 30M WDT & IRT FVG: Greater Than.

Timeframe of Displacement:

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

Probable Confluences: 3/4.

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

Improbable Confluences: 1/4.

  • 30M WDT & IRT FVG.

Undefined Confluences:

Supplementary Confluences: FVG’s.

Initiation Liquidity: 15M Swing Lows.

DISPROVES

TOTALS: