The IRL to ERL narrative on NAS100 is playing out with precision.
Last week I called the short from the PMH sweep — price delivered clean to the Weekly EBP Low target at 28,735 as anticipated. That was the IRL being swept.
Now the narrative flips.
Price has swept the sell side liquidity — the IRL — and printed a 1H IFVG at the midnight open zone. This is the confirmation that the internal range liquidity has been taken and the next delivery is to the external range liquidity.
The ERL is clear — ATH at 30,758.
This is the same model every time. IRL to ERL. Internal liquidity swept, external liquidity is the target. The weekly FVG below is providing support and the IFVG at the midnight open is the trigger zone.
Watching for continuation higher toward ATH this week. The weekly profile is now set up for a bullish delivery after the Monday low was printed.
Bias: Bullish
IRL: Sell side swept — PWL zone 28,566
Trigger: 1H IFVG at midnight open
Target ERL: ATH 30,758
Invalidation: Daily close back below the weekly FVG
Not financial advice — just my analysis.
Last week I called the short from the PMH sweep — price delivered clean to the Weekly EBP Low target at 28,735 as anticipated. That was the IRL being swept.
Now the narrative flips.
Price has swept the sell side liquidity — the IRL — and printed a 1H IFVG at the midnight open zone. This is the confirmation that the internal range liquidity has been taken and the next delivery is to the external range liquidity.
The ERL is clear — ATH at 30,758.
This is the same model every time. IRL to ERL. Internal liquidity swept, external liquidity is the target. The weekly FVG below is providing support and the IFVG at the midnight open is the trigger zone.
Watching for continuation higher toward ATH this week. The weekly profile is now set up for a bullish delivery after the Monday low was printed.
Bias: Bullish
IRL: Sell side swept — PWL zone 28,566
Trigger: 1H IFVG at midnight open
Target ERL: ATH 30,758
Invalidation: Daily close back below the weekly FVG
Not financial advice — just my analysis.
Trade attivo
Beautiful open. As expected from our POI - entry NQ is following his way towards ATH - will probably be reach in the next few days. Well done if you took it I'm BE risk free
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.