💸NASDAQ💸 Chart : 1Hour Overall Trend : Bullish Current Market Structure : Uptrend Scenario 1 : Market has closed bearish yesterday as price dropped more than 1700 + pips . This could be a pullback for big players in the market to come in at a discounted price before moving towards the upside continuing the bullish momentum. Scenario 2 : Buyers are...
💸NASDAQ💸 Chart : 1Hour Overall Trend : Bullish Current Market Structure : Consolidation Scenario 1 : •Break ABOVE current consolidation area , we will look to Buy ,Targeting our weekly OB @ 16300 . Scenario 2 : •Break BELOW current consolidation , will signify a pullback to 15500 , Filling the imbalance in the market & then continuing the bullish...
💸 DOW JONES 💸 Chart : 1Hour Overall Trend : Bullish Current Market Structure : Consolidation Scenario 1 : •Market is overall bullish , let’s see if our 1H demand area holds & is respected . For possible Longs positions taken if the SWING LOW is not Broken , Targeting 35100 . Scenario 2 : • If we do get a break BELOW our swing low , we could look for...
4Hour Timeframe Price is coming to a dynamic resistance area ,were it rejected multiple times from it . Will we respect the trendline or break towards the upside . Continuing the bullish momentum .
Overall we are still bearish , will be looking for sell set ups , Market is currently in its pull back phase . well be patient enough to wait for this set up to play out , short term buys can be taken (risky as you are going against the trend ) . Will be looking to target 33000 ( DEMAND ORDER BLOCK ) .
Trend for the day is bullish , we trade in alignment with the trend as we are looking for possible buys in the market . We have two potential demand areas to look at for buys ... entering with confirmation only . If set up is not respected we will adapt to the market structure but for now we are looking to buys
We will also wait for price to reach our area of interest at 15475.00, if we do break up to the upside from there, our next area will be 15780.00 area. Overall my outlook for NAS100 is bearish so mainly would be looking for sells.
US30 is moving more or less the same as Gold and NAS100, all of them creating lower highs and lower lows. Will be looking for shorts at 1H OB
After the huge sell of yesterday . anticipating that price will fill the imbalance ,pushing towards the upside ,mitigating our OB and then selling off further
DAILY : BULLISH 4H : BULLISH 1H BEARISH Price is finally showing us that a pull back is coming ,as it did break the previous low . We can expect price to come down to our next demand level, filling the imbalance on the 4H timeframe before moving towards the upside .
Price is moving towards the downside in a corrective way which means we could have a mitigation of our demand OB . Also keep in mind that there is liquidity build below demand area meaning it could be swept (Double bottoms )before the move towards the upside .
* Finally, gold breaks the support level at 1945. Does this automatically mean that we're bearish? * Well, the current momentum is bearish, so we'll take that into account.. Since price broke below this support level, we'll see if we get a retest. * A retest, rejection and downside continuation will prove that we're now in a downtrend..
Trade idea , possible short at our 1H Supply OB at 15200 .Possible scalping buys towards the OB .
Price broke structure to the downside and left and FVG(fair value gab) where price could come up and fill before pushing towards the downside . Will take shorts from the OB .
We are currently bullish , price is in a pullback stage , will wait to see how price reacts to the 4h demand area at 33900 before jumping in .
Price is coming to our supply zones , expecting a retracement this week as price has been very bullish last week .. H4 timeframe
Price is currently in a daily supply OB . Will wait for a choch ,followed by a BOS to ensure that the bears are in play .There for I will trade the pullback to 14600 .We do have CPI NEWS release today .
Daily : Bullish 4H : Bearish 1H : Bearish Price is currently in a pullback stage on the daily , which might form a higher low or break and retest the trendline .. Will be looking at 1960 and 1980 levels to sell of as price needs to fill some imbalance in the market