Buyers Defend Lip Shelf

7/20 Hinge #3 Lip shelf = 28966 - 28967
08.45 15m bar low = 28961
08.45 reclaim = 29017 + volume
Buyers strongly defended this as value.
Buyers lifted value two consecutive days - 7/20 & 7/21.
Then a macro-shock day - Iran bombing.
Today buyers strongly defend 7/20 lip shelf 28966 - 967.

Trade the Sequence

IF sweep THEN reclaim
IF reclaim THEN hinge
IF hinge THEN break
IF break THEN trade setup is valid

Entries: lip, lip shelf, apex shelf

High-quality = sweep of microbalance, reclaim, compression & break

A valid Scenario-1 (S-1) BTO must sweep sell-side between 09.30.00 & 09.45.00.
A sell-side sweep 09.45.01 & after = S-2 BTO

Bears flip the script.

Nota

09.40

Will we get:
1. a sweep of microbalance (mb) 29055 - 29077
2. a strong reclaim
3. compression atop mb
4. break

Nota

IF we don't
THEN this will be one bullish day indeed

Nota

7/22, 12.30 ET Update

Today formed a flag pole and flag continuation pattern.
We don't trade these.
We do trade hinges.
But flag poles and flags do provide context.
In this case it says buyers are strong. They are defending value.

Nota

Flagpole:
aggressive buyers
trapped sellers

Flag:
value defense
compression forms
buyers accumulate
sellers cannot reclaim prior value

Flag break:
initiative buying
sellers fail
value rises

Flags express compression as do hinges just using different geometry.

Nota

OHM S-1 BTO Hinge

1. Sweep 9.30.00 l 29090
2. reclaim 9.30.00 c 108.25
3. apex shelf 9.30.00 c 108.25, 9.30.30 o 104.5
4. lip shelf 09.30.30 c 118.50, 9.30.45 c 123
5. lip 9.31.45 h 134.75
6. break 9.32.30
14.55 ET lip to high = 207.5 points

Nota

OHM S-3 BTO Hinge

1. sweep 9.36.15 l 29121.5
2. reclaim 9.36.15 c 123.25
3. apex shelf 9.36.15 c 123.25, 9.36.30 c 138.75
4. lip shelf 9.36.45 o 141.25, 9.37.00 c 139.50
5. lip 9.36.45 h 148.75
6. break 9.37.30

NOTE:
1. S-2 hinges sweep after 9.45.00 & sweep lower than S-1 hinges.
2. S-3 hinges sweep after 9.45.00 & above S-1 floor

Hopefully I have correctly typed all numbers.
IF typo THEN you get the general idea.

Nota

OHM Scenario-3 Low-Tier BTO Hinge

1. sweep 9.38.45 l 119.50
2. reclaim 9.38.45 c 122
3. apex shelf 9.38.45 c 122, 9.39.00 c 138.25
4. lip shelf 9.39.15 c 130.25, 9.39.30 c 155
5. lip 9.42.00 h 170.50
6. break 9.42.15

Nota

7/22, 17.00 Update

Today was one of the strongest buyer-controlled signatures you will ever see.
The explosion began with the 08.55 5m bar.
There was no S-2 BTO hinge. There was a fast S-1 BTO hinge.
Thent there were two S-3 hinges.
At day's end the liquidity of those three hinges was raided and value was reclaimed.

Buyers defended every prior shelf.
Sellers failed at every shelf.

Both the open and the close were buyer-controlled.

Nota

Amazing!

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