Price created symmetrical schematic with a 45 pip range. Price broke upwards to fill imbalance created by downward impulse within range and created N H1 OB DOWN before move short.
Is this what a bottom looks like? Formation of multiple HT long order blocks, intense sell-off then strong momentum upwards followed by clear HT consolidation and expansion.
Two microfractal distributions following each other. Second micro broke structure slighty to the downside then broke more strongly to the upside with a wick indicating momentum shift for move downwards.
Price creating H1 AP around M1 AP before M1 schematic trends downwards. The whipsaw motion around AP means that when price moved back up to retest H1 AP, price created a LH below whipsaw high creating the impression that price is still moving downwards. However price might be looking to break above H1 AP to expand the range top.
When price broke range top max and took time to build a microfractal it made me start to reason that maybe the schematic would trend downwards and therefore the decision to open three positions instead of two. However looking at it now is looks like price is compressing downwards in anticipation of a trending move long. This trade is highlighting that I still need to clarify my definition of a high probability trade as well as under what conditions I would plan to open a two vs three position trade.