Hello traders!
There is so much on the Daily chart of Fibre that points to obvious bullishness of the market that I could not place all of it on the chart. But I have marked what seemed crucial to be seen.
Market has taken smooth lows of 15th, 16th, 17th, & 20th January, 2025 and strongly rejected from 1.02113. Also, observe how 20th January's daily candle shifted the market structure. We're inside a Bullish breaker on the daily, supported by a daily ifvg (check how the market has respected the consequent encroachment of that gap perfectly).
Things don't end here. DXY has broken the range to the downside with lower draws. Market symmetry is currently missing but Fibre should follow DXY soon.
The draw and the targets for the weekly range have been marked on the chart. Equal highs is the low hanging fruit.
Narrative is paramount when it comes to applying ICT concepts. That takes a lot of practice and time. Having said that, let's discuss when this idea will be marked as failed. 3 PDAs. If 3 PDAs fail on the daily timeframe, I'll not engage the market and wait for more feedback from the market.
Have a wonderful and learning-oriented week.
GLGT.
There is so much on the Daily chart of Fibre that points to obvious bullishness of the market that I could not place all of it on the chart. But I have marked what seemed crucial to be seen.
Market has taken smooth lows of 15th, 16th, 17th, & 20th January, 2025 and strongly rejected from 1.02113. Also, observe how 20th January's daily candle shifted the market structure. We're inside a Bullish breaker on the daily, supported by a daily ifvg (check how the market has respected the consequent encroachment of that gap perfectly).
Things don't end here. DXY has broken the range to the downside with lower draws. Market symmetry is currently missing but Fibre should follow DXY soon.
The draw and the targets for the weekly range have been marked on the chart. Equal highs is the low hanging fruit.
Narrative is paramount when it comes to applying ICT concepts. That takes a lot of practice and time. Having said that, let's discuss when this idea will be marked as failed. 3 PDAs. If 3 PDAs fail on the daily timeframe, I'll not engage the market and wait for more feedback from the market.
Have a wonderful and learning-oriented week.
GLGT.
Trade closed: target reached
We got the target and much more. Didn't update until now.
Satyajeet P Sahai
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Satyajeet P Sahai
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.