Michael explains how he used price action and key levels to anticipate a possible market reversal and subsequent rise.
– He focused on a prior low at **29,053**, arguing that price had already tested nearby sell-side liquidity and showed little follow-through lower. A later higher low suggested a potential daily swing low.
– He demonstrates comparing chart settings to identify which best displays wick ranges and gaps between candle bodies, which he interprets as volume imbalances.
– He combines daily-chart levels—such as wick midpoints and inversion fair-value gaps—with one-minute price action to identify likely support, resistance, and targets.
– Michael notes a modest tendency for markets to rise ahead of U.S. elections, but treats it as context rather than a certainty.
– He outlines a short trade during the pre-market consolidation, using projected range levels to manage the entry, stop, and exit near sell-side liquidity before the broader move higher.
– He also advises labeling and carrying forward new-day opening gaps, using New York time, and treating losses as information that may require reassessing a trade or bias.
His broader message is to follow a tested trading model, forecast from defined evidence, and avoid emotional reactions to either losses or price movements.










