XLF building a base on demand zone
XLF is currently in Range on Macro Trend, and Uptrend on Micro Trend
"OB" means Order Block " ( def: Big Money Buying/Selling prior to a directional move) * 5m means 5 minutes
TA:
-we hit session low of 39 (3/30/22) a psychological number in a demand zone
-break above 40 for macro uptrend to continue
-multiple Time Frame Order Blocks from 38.95 to 39.64 ( long/short positions being built depends on Market Environment and Price action )
Looks like liquidity is being accumulated for the upside run to 40-41.50
buy the dip 39.04 an 39.25 depending how price action is moving.
look for structure to hold above 39.50 and the break above 40 confirms bullish segment if Market Segment and Macro Trend Align with micro trend
All of this is my predications, and personal opinion. Thank you for reading.
"OB" means Order Block " ( def: Big Money Buying/Selling prior to a directional move) * 5m means 5 minutes
TA:
-we hit session low of 39 (3/30/22) a psychological number in a demand zone
-break above 40 for macro uptrend to continue
-multiple Time Frame Order Blocks from 38.95 to 39.64 ( long/short positions being built depends on Market Environment and Price action )
Looks like liquidity is being accumulated for the upside run to 40-41.50
buy the dip 39.04 an 39.25 depending how price action is moving.
look for structure to hold above 39.50 and the break above 40 confirms bullish segment if Market Segment and Macro Trend Align with micro trend
All of this is my predications, and personal opinion. Thank you for reading.
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