Market took out liquidity to the upside before dropping on the 1hour chart. Also known as a liquidity grab. leaving behind imbalance/fair value gap and currently creating liquidity inducement. Now we wait for a retracement back to the unmitigated imbalance.
The market had taken out liquidity to the upside on the 21st of August and then it displaced to the downside, leaving behind induced liquidity on the 1 hour timeframe and breaking downward structure, creating a change of character. We wait for a return towards the POI.
Market took out liquidity to the upside before dropping on the 1hour chart. Also known as a liquidity grab. leaving behind imbalance/fair value gap and currently creating liquidity inducement. Now we wait for a retracement back to the unmitigated imbalance.