Initiation Within Confluences

CONCLUSIONS:

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SUPPORTS

TOTALS: 1 & 2.18 R-Multiple.

26/11/2024

Structure: Lack Of (Weekly & Below).

Confluences: A 15M bullish FVG within a bullish; 1H IRT inverse FVG, 4H WDT & ERT FVG, and 4H ERT inverse FVG.

Probability of Confluences:

  • 1H IRT Inverse FVG: Probable.
  • 4H WDT & ERT FVG: Probable.
  • 4H ERT Inverse FVG: Undefined.

Result: The bullish confluence was sought & (2.18 R-Multiple).

Supplementary Confluences: Conglomerate.

Initiation Liquidity: 15M LRBL.

DISPROVES

TOTALS: 1 & - 1.00 R-Multiple.

10/1/2024

Structure: Lack Of (Weekly & Below).

Result: The bullish confluence was sought only after alternate weak displacement was undergone and further liquidity swept & ( - 1.00 R-Multiple).

Confluences: A 15M bullish FVG (after 15M bullish inverse FVG) within the bullish; 4H FVG, 4H Inverse FVG, 1H FVG, and 30M FVG the reasoning move was initiated within.

Supplementary Confluences: Conglomerate.

Initiation Liquidity: 15M LRBL.