The New Trading Day opens bullish hoping to reach for Wednesday's Post-Frankfurt Session Low. These idea banks of factoring in a repeating Market session cycle for new trading days that ALMOST REPEATS EVERY TRADING WEEK.
Tuesday's High peaked around Post New York/London overlap which is usually when pricing algorithm are dormant and the algorithmic spooling is meek. Price action resumed on Wednesday Post Frankfurt to take out Tuesday's Post-New York Session high before gunning for Monday's Post Frankfurt Session Low or Pre New York Session Low. Time and Price is play, a worthy...
The previous trading week saw lows (Post Asian Session) left untapped (Liquidity), price matrix will tend to gravitate to old lows of old trading sessions during the new week. The NWOG (New Week Opening Gap) is another critical factor in this whole set-up, we might see a run on these low going into the new trading week