AM Session Review & Course Correction

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https://www.youtube.com/watch?v=0Bu4g-2aMA4

Here’s a concise summary of the commentary:

– The market failed to run up to the relative equal highs as hoped; instead it opened down and initially pushed through relative equal lows and nearby liquidity pools.
– Key price references were the high/low of a retracement leg and the opening price of the last down-close candle, which converged with the relative equal lows as an important liquidity area.
– Candlestick wicks (not bodies) defined how far price was willing to probe lower; the body held above mid-levels and then price rallied back.
– The trader expected a run back up to take out several highs but was stopped out after a reversal; economic calendar (CPI/PPI) and pre-market conditions contributed to a non-trending, choppy session.
– Identified an inefficiency from Friday and constructed “gray pole” levels from consecutive wicks to highlight likely unnoticed gap areas—these were tapped before a sell-off.
– After price dropped below the low, the trader accumulated positions as it retraced into a range and created relative equal highs; now suspects a possible further move down toward two nearby relative equal lows.

Overall: attempted long bias reversed by unexpected selling; price structure, wick behavior, and liquidity pools guided entries/exits, and a further downside into defined equal lows is now considered likely.

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