ZB1! - Weekly When Will The Pain Subside?
Updated
US10Y and ZB1! are strong reverse correlation between each other and with last weeks price action proving to be mainly bearish, I do not believe the pain to the downside has ended...With
US10Y Thursday's daily bearish hammer forming @ the bullish order block created on Monday, we witnessed a bullish shooting star in ZB1!, Thursdays candle which is the complete opposite.I accept a relief rally up into the Mon 12th Feb 24 daily bearish order block with the market trading higher than 119.24, my idea will be negated.
I do suspect if the
US10Y is to continue to the upside, ZB1! will continue its decline with 116.17 in sight.My philosophy is simple...
Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go.
This includes;
- Market Structure
- Buyside/Sellside Liquidity
- Order Blocks
- Liquidity Voids
- Fair Value Gaps
- Optimal Trade Entry
- Premium/Discount Array
- SIBI/BISI
- Many More!
The strategies mentioned here are some of many that I use to implement into my analysis and over time, with consistency I aim to achieve a high degree of accuracy in the markets with the foresight and understanding to assess what went wrong when my bias is negated.
Credits;
- Michael Joe HUDDLESTONE
- Shawn Lee POWELL
- Toray KORTAN
Note
From last weeks analysis, we have witnessed a continued decline, making lows of 117.11 but it was on Thursday in which we witnessed the bullish order flow entry drill commence, taking intra-day buy stops up to the 119.08 1-hour liquidity void on Friday's close
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