Stay Fluid In Trading Sigh , last week I tried a new strategy and it failed but I did adapt but this is the keys to learning and growing.
Instead of focusing on the wave count and the patterns, I’m going to go back to the beginning and focus on the structure of price. Price broke a previous high of 19,951.89. This level is key for liquidity for me wicks count for breaking structure
Like I stated in my previous idea that overall price was still bullish and the Feds lowering interest rates made positive results to the market
My forecast for the week is price to retest the previous high and sell short to an existing liquidity grab and to continue the bull run news can affect the markets so be mindful what’s going on this week
Monday s&p pmi
Wednesday new home sales , gdp
Thursday - durable goods , Powell speech , jobless claims , core price index
Friday - personal spending , good trade balance, Michigan consumer sentiment
Good luck to everyone this week. New Week New Money
