We are currently in a discount with respect to the 2-Month chart DRT Range and yet to trade into a premium. The algorithm has repriced into the +OB and is currently respecting the MTH of the 2M +OB. After the Jul/Aug trading session, we had a CISD, and the currently 2-Month candle should trade into the +POB (May/Jun 2-Month candle), respect its MTH and then run...
Due to the aggressive bullish price moves that happened throughout most of 2023's trading year,
the "Beast" is currently in a premium, and the algorithm will seek to reprice from the External Range Liquidity (ERL) back into the Internal range Liquidity (IRL). The Fair value Gap (FVG) that lies around the 172.000 is the long-term Draw on Liquidity (DOL). So going...
