It is CPI and it is possibility for the Wednesday High of the week profile. Ideally to see shallow new high of the day and reversal to the downside. The DOL is below the D ss levels. The intraday IOF will provide with move precise targets for the partials and intraday DOL.
I am looking forward to see the first downside displacement around 9.30. It is not compulsory for the PA to make the new HOD before the reversal to the downside but it is an ideal scenario
I am looking forward to see the first downside displacement around 9.30. It is not compulsory for the PA to make the new HOD before the reversal to the downside but it is an ideal scenario
Note
9.43 15mTFThere was an SMT divergence with NQ (no new HOD). Nevertheless the downside displacement started around 9.30. Next DOL is the previous local low ss level.
I would like to see the first -MSS.
Note
9.49am 1m TFJust in case. It is still very possible to see one more upside move with new HOD. The structure on the 1m TF supports that. THat is why I would like to see -MSS first below that last local low.
Note
10.15am 15mTFThere is the first -MSS. I would like to see upside corrective retracement. AMS SB is the key time range.
Note
1m TFThere is a micro -MSS. AMS SB has been finished. So it is less favorable from the time point of view. Nevertheless, I would like this micro MSS to stand and be the next sign of the -IOF
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.