Discount and a monthly imbalance — a weekly imbalance reaction

1. Working TF — weekly, liquidity — monthly

2. The trend is up — by the last two ranges

3. Correction — 30% of the last impulse

4. Liquidity on the monthly — monthly imbalances

5. Local liquidity taken, the reaction — a weekly imbalance

6. Three questions: where is price, what it interacts with, where it heads

7. The idea stands while price holds above point A

8. Indicator: a strong order flow, two stars; the daily is noise

9. The idea worked out — the target was reached

The working chart is weekly, liquidity is looked for on the monthly.

The trend is read from the two latest trading ranges: here it is up, and the correction is 30% of the last impulse.

Liquidity is looked for on the higher timeframe: monthly imbalances. Local liquidity was taken before the reaction, and the reaction from the monthly imbalance came as a weekly imbalance — the level was defended in the discount.

Three questions are asked before the entry: where price is — in the discount of the weekly range, what it interacts with — the monthly imbalance and the weekly imbalance, where it heads — to the weekly range high. The invalidation is named in advance: the idea stands while price holds above point A.

The indicator goes on after the manual markup. Here it showed a strong order flow with two stars; it didn't confirm point A yet, and the daily is noise: higher timeframes have priority.

The outcome: price reached point B — the idea worked out, the target was reached.