Been combining ideas around Fair Value gaps + Demand/ Supply
The purple "trend line" I drew in just a few days ago, thinking a pull back in the Qs (futures) would be healthy and not invalidate our bull trend.
The horiz. FVG markers I drew in last week or the week before perhaps.
If you combine FVG concepts and Supply/Demand then it gives you some "interesting areas" to consider when looking for places where price might reverse or consolidate.... seems to work on hourly and daily timeframes well.
What's interesting is just how the market seems to "obey" the ideas of revisiting levels and gaps regardless of news. I have not been reading or listening to news in relation to the market, just watching price and volume... and the story is playing out.
In terms of trading, I trade on a much lower timeframe than daily or hourly, but take my over-all ideas and longer term bias from this 24hr chart to get an idea of what I think the market "might do".
The horiz. FVG markers I drew in last week or the week before perhaps.
If you combine FVG concepts and Supply/Demand then it gives you some "interesting areas" to consider when looking for places where price might reverse or consolidate.... seems to work on hourly and daily timeframes well.
What's interesting is just how the market seems to "obey" the ideas of revisiting levels and gaps regardless of news. I have not been reading or listening to news in relation to the market, just watching price and volume... and the story is playing out.
In terms of trading, I trade on a much lower timeframe than daily or hourly, but take my over-all ideas and longer term bias from this 24hr chart to get an idea of what I think the market "might do".