1d: here we are in breaker imbalance, also left liquidity at the bottom. 1H: have formed an imbalance, the direction of the asset for the near future depends on whether we invert this zone or get a reaction and go for liquidity below.
At the start of last week, things didn’t look great for the bulls. There were several signs of weakness that could have easily led to a daily trend reversal. However, that didn’t materialize. Firstly, on Monday, buyers were able to set a daily higher low. Then, on Wednesday, they positioned the price very close to the previous two weeks' high. Finally, with the...
Last week began with a display of strong conviction from buyers, propelling price upwards towards the previous high (516.5). They managed to surpass it by a small margin, establishing a new historical high at 517.1. Unfortunately, bulls were unable to sustain momentum and build a new value zone, allowing bears to regain control and push price back towards the...
US markets were closed for the 4th July holiday which saw muted trading across the European session. The RBA held off on another rate rise much to the relief of Australians who are feeling the squeeze. The RBA notes that a lot of the inflation can be attributed to corporate profit margins increasing so may be a reason why they are holding off on rates (as raising...
Major indexes in the US and Europe come under fire on concerns for a global economic slowdown and the US debt ceiling fiasco. Traders went risk off as retail sales pointed to a slowdown in consumer spending while uncertainty over interest rates also weighed on sentiment. I expect that the same theme will weigh on the share markets today and into the coming...
Despite recession forecasts and the FED's cautious stance, the markets have risen since the beginning of the year. Many analysts argue that the market is not rational, that all statistical indicators point to a bear market, and that a difficult series of declines and disappointments lies ahead The market participants are now divided into two teams: 1. The bull...
Bias: Neutral. Top Watches: Long - CCRN, NTNX, ABNB, BA, DAL, UAL. Short - PLUG, FIGS
Morning Jumpstart Macro View and US market recap 1-02-22 The US had a late session burst higher that dragged the major Indexes into green territory ahead of key US employment data Friday. The USD continues to grind lower while Gold was range bound. Copper had a strong session while Oil continues to hold recent gains setting for another push higher. For a deeper...
Hello Traders Hope Sunday and the much needed rest is treating you all well. I spend parts of my Sunday looking back at the prior trading week. In doing so I've decided to share some ideas on completed trades and the methods I trade our script. Going forward during the week I'll look to post more live ideas as our script present them on the charts. At...
Hi Traders! Before the market close this week, we can see strong bullish bias on the price action. But that's a good news for sell opportunity due to price already touched QML level and we have a fakeout signal which we can expect the price will slightly bearish next week. However, if the price break 1.26441, might be it will break our resistance level previous...