Weak Confluences Prior To Objective

CONCLUSIONS:

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SUPPORTS

TOTALS: 1 & 1.27 R-Multiple.

12/2/2024

Structure: Lack Of (Weekly & Below).

Result: The valid bullish confluence (1H FVG) was sought & (1.27 R-Multiple).

Confluences: A 1H bullish FVG beneath a bullish; 15M WG & IRT inverse FVG, 15M WG & ERT inverse FVG, and 30M WG & IRT inverse FVG, and within a bullish 30M IRT inverse FVG.

Close of Candle:

  • 15M WG & IRT Inverse FVG: Greater Than.
  • 15M WG & ERT Inverse FVG: Greater Than (1) & Greater Than (2).
  • 30M WG & IRT Inverse FVG: Greater Than (1) & Greater Than (2).

Timeframe of Displacement:

  • 15M WG & IRT Inverse FVG: Internal.
  • 15M WG & ERT Inverse FVG: External.
  • 30M WG & IRT Inverse FVG: Internal.
  • 30M IRT Inverse FVG: Internal.

Probable Confluences: 3/4.

  • 15M WG & ERT Inverse FVG.
  • 30M IRT Inverse FVG.
  • 15M WG & IRT Inverse FVG.

Improbable Confluences:

Undefined Confluences: 1/3.

  • 30M WG & IRT Inverse FVG.

Supplementary Confluences: Conglomerate.

Initiation Liquidity: 4H Swing Highs.

DISPROVES

TOTALS: 1 & - 1.00 R-Multiple.

1/2/2024

Structure: Lack Of (Weekly & Below).

Result: No bearish confluences were sought & ( - 1.00 R-Multiple).

Confluences: A 15M bearish FVG above a 15M WG bearish inverse FVG.

Close of Candle: Greater Than.

Timeframe of FVG: 15M.

Supplementary Confluences: Conglomerate.

Initiation: 4H Swing Lows.