EOS is leaving a huge liquidity trail behind. Just look at the 4 hr higher low wicks. All these wicks are just representing stop losses.
The pwProfile (previous week profile) is showing us short-covering. Aggressive short-term buyers are competing against long-term sellers who will target all the lower liquidity at some point.
I took a small short already here above the pwVAH (previous week value area high). I might add at the FTR draw (if it will get hit) and I am even open minded for a surprising run to the upper pwVAH.
Hard to tell if it will break down from here or if it will go higher first to generate some more liquidty. Overall I am prepared for downside and I want to see the lower pmPOC (previous month point of control). This level is my main target.
