Idea on Gold || Areas of liquidity
I don't trade Gold, but I stumbled on the chart and saw clear patterns.
Here we have imbalance above and below with POC levels for price to reject from.
Structure
We just saw a very aggressive rejection upwards from the higher timeframe, then we have been moving slowly to the upside, creating a lower trendline.
I expect the trendline to be broken as the start of the down move to fill the imbalance below and maybe rebound off of the POC level.
But first, we might be seeing price break the trendline above to fill the upper imbalance and reject the top POC level, thus creating a spring to the downside.
Example
In pink I have drawn an example of what price could do.
Here we have imbalance above and below with POC levels for price to reject from.
Structure
We just saw a very aggressive rejection upwards from the higher timeframe, then we have been moving slowly to the upside, creating a lower trendline.
I expect the trendline to be broken as the start of the down move to fill the imbalance below and maybe rebound off of the POC level.
But first, we might be seeing price break the trendline above to fill the upper imbalance and reject the top POC level, thus creating a spring to the downside.
Example
In pink I have drawn an example of what price could do.
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.