Nice Price Action so far on the Dow, I see a run to the previous low noted on the chart as the next target for price. Let's first see what the first few hours of the week give us.
I will wait for the market to go in a premium area (in this case above 0.5 Fib) to consider entering short in the marketplace. I will seek a setup that forms in this zone probably this evening until tomorrow noon we should have the reveal of what's coming next. If the market doesn't show me something I wanna see, I will avoid taking a trade, we don't just short a...
Nice delivery during these last 6 trading days, I'm still short on indices for the month of January, this could be an ideal setup to work with, what are your thoughts ?
Smart Money Divergences are useful when coupled with a plan already in place for those markets. Hopefully, you know you're Daily chart(s) perfectly.
In this case, coupled with a strong outlook at US Dollar in this start of year and the charts showing us weaknesses & set up to enter. If I see GU pump back up in FVG, I will then wait for it to show me some...
This Monthly fractal we get here is key to understand the potential bias for the next few weeks. Having this bearish bias in mind, I expect some movement to the upside first. As we are early in January, I don't expect much of the markets, but by the end of this month, February in the worst case, we will see some downward movements for these two indexes, reaching...
Nice price action today, I was not expecting such movements as early in the year. We have a nice 80 pips setup confirming the short delivery I expected in the post I made earlier. Fair Value Gaps can be key to understanding how and when to enter without risking a lot, this is a perfect example.
NASDAQ had many big moves on the upside and downside these past few days, I would see Indexes starting the week with some price action on the upside reaching those buy stops before continuing further down, my bias for the month is bearish.
Thank you ICT
