Weak Confluences Prior To Objective (In Favour)

CONCLUSIONS:

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SUPPORTS

TOTALS:

DISPROVES

TOTALS: 2 & - 2.00 R-Multiple.

29/9/2023

Structure: In Favour

Result: A valid confluence was generated prior to some of the weak confluences and sought & ( - 1.00 R-Multiple).

Confluences: A 30M bearish inverse FVG above a bearish; 15M WG inverse FVG, 1H IRT inverse FVG, and 15M ERT inverse FVG.

Close of Candle:

  • 15M WG Inverse FVG: Greater Than.

Timeframe of Displacement:

  • 1H IRT Inverse FVG: Internal.
  • 15M ERT Inverse FVG: External.

Probable Confluences: 3/3.

  • 15M WG Inverse FVG.
  • 1H IRT Inverse FVG.
  • 15M ERT Inverse FVG.

Improbable Confluences:

Undefined Confluences:

Supplementary Confluences: Inverse FVG’s.

Initiation: 15M Swing Lows.

28/3/2024

Structure: In Favour.

Result: Only the first bearish (probable) confluence was sought & ( - 1.00 R-Multiple).

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

Close of Candle:

  • 15M WG Inverse FVG: Greater Than.

Timeframe of Displacement:

  • 30M IRT FVG: Internal.

Probable Confluences: 1/2.

  • 15M WG Inverse FVG.

Improbable Confluences: 1/2.

  • 30M IRT FVG.

Undefined Confluences:

Supplementary Confluences: N/A.

Initiation Liquidity: 15M LRSL.