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SESSION OVERVIEW
Price has made an All-Time-High popping MN Supply, with W1 closing above previous structure high. Price opened within value. After the Initial Balance Range formation we saw a unidirectional day through a value rejection initiating a sell off that gave multiple opportunities although not entirely clean.
PUBLIC TAKEAWAY
Even though there was strong congestion against the directional bias of the session price persisted due to the D1 Narrative. If D1 narrative was misread an open within value could have triggered a long from the lower timeframes bouncing off the demand that was formed during Asia ie. M30 Bullish Engulfing. This is a classic example of waiting for a minimum of M15 Price Action confirmation would have led you away from a long and instead go short.
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