Notes
- In this review, Michael performs a top-down analysis for NQ and ES and discusses the situation of DXY, EURUSD, and GBPUSD on the daily chart.
- The algorithm refers to wicks as gaps.
- Whenever the price forms a large FVG, and we are bullish, we do not expect the price to test the lower half of the FVG.
- Whenever the price forms a large FVG, and we are bearish, we do not expect the price to test the upper half of the FVG.
Candle Wick As A Gap
ES Top-Down Analysis - Large FVGs
NQ Top-Down Analysis - Morning Session
NQ Top-Down Analysis - Afternoon Session
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