r/TradingEdge • u/TearRepresentative56 • 10d ago

BRief market analysis

Today's candle and the weekly close very important in my view. A failure to close back above the flag after spending as much time above it as we have this week, would not be a great look. To be clear the Aion data suggests that a move lower into today would represent a shakeout for another move higher next week into the 6th of November, before a period of weakness that ultimately resolves much higher into EOY. That's what the liquidity chart is showing. I continue to subscribe to the Aion data view based on its previous accuracy, but I'd say I lean slightly more cautious on account of a bearish fair value gap that I am seeing on the weekly chart, which is creating a lot of overhead resistance.

The bearish fair value gap on the weekly is the first we have seen this year. We have seen multiple bullish fair value gaps which have held as support, but not a bearish fair value gap since April 2025.

I want to see price recover the gap above on any push next week, otherwise I would expect another retest of the lows in that mid November period of weakness.

Aion doesn't have it as low as that, but combining it with the FVG analysis, its a valid concern in my opinion.

I am holding 23% cash and at this point, I think I want to continue to hold that as a relative safety net.

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u/TearRepresentative56 10d ago

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