NASDAQ: Smart Money Concept analysis
Based on Smart money concept entries and order blocks. We have liquidity sweep above and beneath unmitigated order blocks.
My current assessment is that we will be going for the lower unmitigated OB that was the genesis point of the bullish CHoCH.
The bullish order block currently has two liquidity points resting above it (trend line in white, and relatively equal lows in yellow), which gives us good confluence that the order block is valid.
We also have a confluence of several liquidity points near the yearly high giving us a good confluence of factors for the unmitigated bearish order block for entry. This is the order block that gave us the genesis point of the bearish CHoCH.
My current assessment is that we will be going for the lower unmitigated OB that was the genesis point of the bullish CHoCH.
The bullish order block currently has two liquidity points resting above it (trend line in white, and relatively equal lows in yellow), which gives us good confluence that the order block is valid.
We also have a confluence of several liquidity points near the yearly high giving us a good confluence of factors for the unmitigated bearish order block for entry. This is the order block that gave us the genesis point of the bearish CHoCH.