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IRL-ERL

EURUSD WEEKLY BULLISH BREAKOUT, LTF BEARISH RETRACEMENT!!The weekly timeframe has a beautiful bullish break-out, meaning that we are overall Bullish. We have two weekly bullish FVGs - One in Premium at 1.08709 (We would not want to Buy on the basis of this FVG since it is in Premium) However we could have a LTF reaction. - Another beautiful FVG in discount at 1.08032 ( This is where we will be looking for timeframe alignment to go Long). Beautiful area to look for Longs!!! Before price reaches 1.08032, we will be looking for shorts to trade the retracement. Beautiful Week Ahead of us!!! Trade, Repeat!!!
by Kay_Master
Week of June 30 NQ/10Y/CL/GCWeek of June 24 NQ/10Y/CL/GC I'm back! After a much needed vacation and a break from the charts at ATH - I am BACK on TradingView with a fresh weekly forecast. This week will mark the start of Q3 - which is really important as we need to check back to reference the quarterly charts to see if there is any unfinished business we left behind. I am expecting Q3 to mark the final high in a parabolic fashion - that we wont see again in our lifetimes. I will be discussing the Nasdaq NQ1! and the Dow YM1! as these 2 components when averaged together - constitute the SPX. Nasdaq has a Quarterly IRL that we need to visit and rebalance. We saw a decent sell-off at the start of Jan and April for the start of Q1 and Q2 - I am expecting somewhat similar into July for Q3. SPX and the NDX are the only things that actually have a quarterly IRL to go revisit from here - so a slight pullback in tech and then the market is ready to run. Weekly I wanna see this weeks high or possibly ATH swept to start a sell program to fill this qIRL. Downside targets could be anywhere between 18-18.6k. We will know more once we see where it bottoms. 10yr backed up a little this week - but we are continuing our march lower. Bonds are SLOW moving - but they are clean. Rates are headed lower because the global economy is weakening - and the bond market knows that. Stocks don't tend to ask WHY rates are dropping - at least not at first. OIl has gone nowhere - we are the same price as April and October 23. I have no weekly context on oil so there is no trade for me in there - for now. Gold was flat on the week - but it looks like the final move higher is coming soon. From HERE - I want to see us flush back to the 2250 area - there is a confluence down there on the quarterly and weekly charts of a volume imbalance - and it also happens to be the quarterly CE. Timing of this would make sense too - as precious metals and energy are typically the LAST sectors to rally in the final stage of a bull-market. So here is the setup I am watching for this week; I am looking for indexes to start a pullback this week led by NQ. Any pullback I expect to be fast and sharp - so that nobody can capitalize on it. Set your alerts - I am looking for ~ 18.5k on NQ1! I want to see Gold sweep the 2304 level, the continue to nATH. Until next week - We'll be watching.
CME_MINI:MNQU2024Short
by Baero-Trading