16 Dec 12162020 Gold Nugget
#fintwit #orderflow #daytrading
When there is a medium/higher time frame narrative for a continuation to a move, we can see price bouncing back against the intended direction as well as anticipating a low/medium initiative activity day extending from the Initial Balance. Even creating Price Action formations against the narrative (ie. Bear Engulfings in a Bullish directional narrative). Look for subtle clues of confirmation of your directional bias (without marrying it). For example. Today we had weak price patterns against the narrative in the form of a bear engulf with very long buying wick as well as a small ‘indecisive’ bear engulf failing the auction. This is where OODA loops come in handy cycling through H1 and M15 for further confirmation (or disproving) the narrative. As usual, higher time frames prevail.
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