Analysis as of 29/06/24
1. Seasonality Analysis + IPDA Levels:
After the quarterly shift in June, we are moving downwards.
2. Immediate Targets:
Our immediate targets are the IPDA 20 low and the Previous Month Low (PML).
3. Seasonal Trends:
According to 20-year seasonal trends, we should take out the low of the second quarter, which in our case is the IPDA 60 low.
4. July Projections:
In July, we expect a sharp upward move aiming to take out the Buy Stop Liquidity (BSL), Previous Month High (PMH), and the IPDA 20 high. This is also supported by seasonal trends.
Conclusion
Based on the seasonality analysis and IPDA levels, the market is expected to continue its downward movement in the short term, followed by a significant upward trend in July. This aligns with historical seasonal patterns, providing a solid foundation for trading strategies in the coming weeks.
1. Seasonality Analysis + IPDA Levels:
After the quarterly shift in June, we are moving downwards.
2. Immediate Targets:
Our immediate targets are the IPDA 20 low and the Previous Month Low (PML).
3. Seasonal Trends:
According to 20-year seasonal trends, we should take out the low of the second quarter, which in our case is the IPDA 60 low.
4. July Projections:
In July, we expect a sharp upward move aiming to take out the Buy Stop Liquidity (BSL), Previous Month High (PMH), and the IPDA 20 high. This is also supported by seasonal trends.
Conclusion
Based on the seasonality analysis and IPDA levels, the market is expected to continue its downward movement in the short term, followed by a significant upward trend in July. This aligns with historical seasonal patterns, providing a solid foundation for trading strategies in the coming weeks.
Disclaimer
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.
Disclaimer
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.