Nifty Smart Money Concept Analysis of Daily TimeframeNifty Smart Money Concept Analysis of Daily Timeframe
After strong Bullish rally market turned into bearish as CHoCH confirmed HH and recent inducement confirmed LL.
We have to wait for mitigate POI zone 20100 to 20200 and in lower timeframe 5min / 15min confirmation of structure CHoCH IDM or Liquidity sweep to enter sell setup.
Smctrading
The BTC wave structure is analyzed using the SMC methodAfter the price falls, it creates a peak. The price continues to rise but the bullish candle at the end has a lower body than the previous high and is followed by a candle with a lower body than the previous candle, creating a top sweep signal. There is a high possibility that the price will continue to decrease and penetrate the previous bottom zone
Basic Market Structure Of SMCThere are 3 types of structure: Swing, Internal, and Fractal.
Swing -> BOS -> candle body close
Internal -> i-BOS -> candle body close
Fractal -> f-BOS/CHoCH (fractal structure trend change) -> wick break
CHoCH (Change of Character) -> signals internal pullback starting/ending
i-BOS (Internal Break of Structure) -> signals swing pullback starting/ending
Wave structure of gold in 4h time framePrice is currently in a strong supply zone in the 4h time frame. If the price falls and surpasses the first CHOCH position, gold will continue to fall again.
If gold continues to rise and breaks the Swinghigh creating a BOS signal, a strong Swinglow bottom will be created.
EurUsd intraday sell setupAfter a rapid expansion to the up side . It's time for a retracement on the 4hr time frame in preparation for another expansion.
I was able to catch a sell at the turning point and now the market has presented another entry Opportunity on the same setup. We sell to 1hr sellside liquidity, after sellside has been raided we will look for lower TF confirmation for a buy