Scenario that was prepared yesterday is likely playing out.
As an anticipation on this, I am looking to sell after the catch of liquidity, marked with the dollar signs.
A lower time frame (5m) analysis to make it more clear.
SL will be placed above the potential high of the week (todays current high).
As an extra confirmation: I would like to see a divergence forming with SPX500.
CURRENT EXECUTION:
I chose to enter now after the fill of imbalanced price action (can be seen on 1m), and an impulsive reaction, telling me the market is likely to not go any higher.
If SL is hit, looking to re-enter after the equal highs (original idea) are taken out.
As an anticipation on this, I am looking to sell after the catch of liquidity, marked with the dollar signs.
A lower time frame (5m) analysis to make it more clear.
SL will be placed above the potential high of the week (todays current high).
As an extra confirmation: I would like to see a divergence forming with SPX500.
CURRENT EXECUTION:
I chose to enter now after the fill of imbalanced price action (can be seen on 1m), and an impulsive reaction, telling me the market is likely to not go any higher.
If SL is hit, looking to re-enter after the equal highs (original idea) are taken out.