This is a Buy side Imbalance Sell side inefficiency (BISI). Its category for a PD array is FVG, but its distinction is a BISI. We dipped down into it, rejected, and attacked REH.
-We could have gone lower and taken out 3814 SSL before going up (price tends to overshoot on NFP/FOMC days)
-For that reason we dont just slap it. We wait for a sign of rejection so we drop down to the 1min
1m:
-If that imbalance stays open (breakaway gap) and that STH being highlighted was taken out to the upside, then its likely to run to take out the REH.
-Notice the midnight open (purple dotted line) and the candle being pointed to. That down closed candles high to open is just above the midnight open. We want to buy at or just below the opening price at midnight bc the expectation is to see higher prices (think P3)
-If we are bullish we buy at the midnight open level or beneath it. Worst case is buying slightly above it.
Smooth edges like to be made jagged. The market will always look to break these smooth levels. Notice the bottom right drawing signifying a daily candle. That red line is the REH we are targeting.
https://twitter.com/FlawInTheMatrix/status/1612268512046612482