Initiation Within Confluences & Weak Confluences Prior To Objective

CONCLUSIONS:

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SUPPORTS

TOTALS: 1 & 1.74 R-Multiple.

1/11/2023

Structure: In Favour.

Probability of Weak Confluences:

  • Majority Probable.
    • 15M WG Inverse FVG.
    • 30M WG Inverse FVG.
    • 30M ERT Inverse FVG.

Confluences Initiated Within:

  • Weak.

Initiation Liquidity: 15M Swing Highs.

Supplementary Confluences: Conglomerate.

Result: The valid bullish confluence was sought & 1.74 R-Multiple.

DISPROVES

TOTALS: 1 & - 1.00 R-Multiple.

29/11/2023

Structure: In Favour.

Structure of Weak Confluences:

  • Majority Probable.
    • 15M WG Inverse FVG.
    • 15M IRT Inverse FVG.
    • 1H IRT Inverse FVG.
    • 30M IRT Inverse FVG.
    • 15M ERT Inverse FVG.
    • 1H WDT & IRT FVG.

Confluences Initiated Within:

  • Weak.

Initiation Liquidity: 15M Swing Highs.

Supplementary Confluences: Conglomerate.

Result: The valid bearish confluence was not sought & - 1.00 R-Multiple.