Speaker describes that a daily fair-value gap has been filled and suggests price may subsequently decline toward a weekly fair-value gap, but notes that hourly market structure and order flow remain bullish — so the bearish expectation is provisional. The speaker emphasizes using a consistent system to filter trade ideas and remain objective amid abundant market information.
On the daily chart. That's the daily favorite gap that we marked out yesterday. Ultimately, we started heading higher and you have just filled in this daily favorite gap. And so now we have to make a very important distinction. Right now we have reason to believe that price is going to, you know, fill in this daily favor gap and start heading lower towards this weekly favorite gap. That's what we have reason to believe. Now, Price Action has not yet showed us that it wants to do this. Now if we take a look on the one hourly chart, we are still in bullish order flow for all. For the people that use market structure, this is overall bullish market structure. So the market structure hasn't changed yet and the order flow hasn't changed yet. But the keyword here is yet. So within my system and just something that helps me filter trade ideas on a day by day basis because it's with so much information that you need to process in trading, you need some way to remain objective on a day to day basis so that you can remain consistent.
