Since the community talked until dawn, we left a discussion about teaching types of readings and in this case I am going to leave you a possible reading goal.
$SIREN TEMP 4HRS in case you want the trade
{future}(SIRENUSDT)
I see liquidity and geometry.
First the mother impulse appears (GENESIS), the movement that gives rise to the entire structure.
After that impulse, the price enters a zone where practically all the liquidity is trapped within the range.
That is where the market does its job:
accumulates, cleans positions, and creates traps.
In the midst of that movement, there is a strong sweep downward, where the price absorbs liquidity and leaves a clear excess on the floor. That type of movement is not a coincidence, at least in this case it does not seem to be.
Due to market geometry, when that excess is generated below, the price tends to reflect that same movement upwards, and that is exactly what starts to happen.
From there, the market resumes respecting the structure and projects itself again towards the ceiling of the range, seeking the liquidity that was pending above.
To refine the entry, a good Fibonacci can be used from the last impulse in the Golden Zone, and then rely on Elliott waves to decide whether to maintain the operation or exit.
When you understand how liquidity works, the market stops being noise…
and starts being structure. 📊
I know it seems confusing to look at so many "lines" in an image, or resources that may not be suitable for how they are really used, but it is something that anyone with a minimum understanding can assimilate the reading.
Don't worry if you don't understand yet, details will be refined little by little so that you can know it!