KNC - 31.05.2022 Tuesday - possible range distribution -

31 May 2022

Long-term Perspective:
price is moving is rebalancing between two daily FVGs creating a range which why i have too look on lower time frame for a clean draw on liquidity bias.

Intermediate-term Perspective:


BSL is taken into a daily FVG + msb + leaving inefficient price action to the downside.
I look for a lower high to play a possible downside trade.

31 May 2022

Not

sth to note: The daily is already printing a shoortingstar candle although new york session has not even started yet. This is sometimes a sign that price will take more time till it breaks down.

31 May 2022

Not

Plan B: IF price does not give a lower high I will wait till it takes out the upper BSL

1 Haz 2022

Not

nice follow through. information in the chart