Intraday Trading: Fair Value Gaps and Sell-Side Liquidity
2 min Money & business
2 min Money & business
Rallied once more. Got to the time of day we like to look for the opening range, which is thirty minutes, nine thirty PM Eastern Time to two o'clock Eastern Time.
So you look for the range in here to give you your first percentage fair value gap, which is here.
And as you trade it into the final hour of trading, market rallies up, falls short.
Look at the bodies. Failure swing up here, failure swing here.
The bodies tell the, the story here. We break lower below the first percentage fair value gap during three fifteen PM Eastern Time to three forty-five PM Eastern Standard Time macro, and we break lower, come back up in, candlesticks close, candlesticks low with the volume of balance included.
This acts as an inversion fair value gap, and I didn't wanna draw another rectangle over top of this one because this is gonna act as an inversion fair value gap as well.
We break lower, come back up into midway, consequent corrosion of this gap.
We break aggressively lower, and this buy side of balance, sell side efficiency should act as an inversion fair value gap as well.
It does so here, delivering down into the sell side liquidity and the short-term low over here for good measure.
Wednesday, I'll be looking for the likelihood of trying to make an attempt to get down to the lower portion of this daily fair value gap, and if it can break a little bit lower, we'll look for Tuesday's first percentage of fair value gap as a draw.
Uh, that's what I'm watching. Uh, I'm not trying to press it hard, obviously.
Uh, on the daily chart, I'm bullish. But for intraday volatility, if we can
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