MES1! No Trade — 2025-02-02

2/2/25 $MES We are not too far off from the All Time Highs (ATH). From the Weekly chart we have an +OB we traded into and met the W+OB(M) for the most part. On the daily chart we have rejected the NWOG and sold off from there. We ended the week below the WOP and looks like we may continue to push down to grab the liquidity below the PDLs left behind last week. I'll look for price to trade back into the W+OB or the D+FVG. on the 4H chart, we have a nice range to trade in where we have a STH and STL and we are in the premium of this range at the moment. We have one 4H-FVG (6116.75-6108.00) confirm and another likely forming just below it. We also have a 4H+OB at the STL (not drawn since the W+OB is near). For the most part this chart lines up with the HTFs. We are pretty much at equilibrium price of the range at this point though. The 1H chart shows a clear possibility to take out the SSL in the form of PDLs. On Tuesday's PDL that stands out because there is a small +FVG below it so, I'll be looking at price in that area.