GU is showing bullishness, Sign of Strength (SOS). In terms of Daily TF, GU has taken out the SSL stacked from the left and is reacting off the NWOG from far left. From the most recent bearish leg, there is only one major IMB found in Daily TF, which is the IMB I stated above. In terms of 4HTF, we can see price is being hold multiple times. Intermarket Analysis...
Footprint of Efficient price delivery after significant liquidation of BSL, sign of bearish trend. AU is showing footprint of algorithmic price delivery, from the way price move we can tell it’s now behaving slightly differently from the past, we can now see price is at its best to deliver efficiently, and this is the sign of price is ready to starts a new...
SMT Divergence found. Wed CPI, Dollar go bearish but SP500 we can see price first push higher but it didn't follow through after taking out the previous swing high, instead it move lower, given a bearish CHoCH and continue to put in new LL. So, the break out here seems more like a fake break out driving retail traders to Long while taking out the BSL above...
What the market is currently suggesting (what is happening in the market): Market structure is suggesting price to go lower as it’s forming LH LL LH LL, as well as the current momentum is, yesterday 8:30pm major news created a bearish impulsive move, and it seems like price is now forming a corrective pullback. It might seems like price has now done the pullback...
Story behind EU, since 15 March 2023 until today 30 March 2023, from my perspective.
Looking for Higher Price As price has trade back into the discount of the leg and took SSL from the left, price may continue higher from here. Confluence: Divergence with DXY Algorithm use FOMC as catalyst to move price back into the discount in order to accumulate more Long orders at cheaper price while taking out SSL stacked from the left.
### My Current level of development — 20 March 2023 - When I come to this point, I no longer obsess with what tool I’m about to use in analyzing the market. I use whatever is suitable and best to use in that particular given scenario. The market is dynamic, it’s constantly changing, the situation you see now will be different you see yesterday, so you choose what...
Tape Reading The purpose of doing this is to read and feel the Price Action. Through seeing the candles form, you can train your patience, it's important to learn to do nothing.
Potential Scenario: Price may pullback up to this daily bearish OB and even go slightly higher than the high of the bearish candle, and get rejected from the mean threshold of this OB, and continue lower. Eventually, price may seems like moving in a descending order to reach to the daily OB below. If price turn into bullish and come back to this area, I expect...
A pullback is likely to take place in the near future based on the most recent PA. The way price reacted to the CPI news on 12 Jan & PPI news on 18 Jan suggesting that price has now lack of momentum to sustain the move higher. And given the huge imbalance of orders created from NFP, algorithm is very likely to seek to rebalance their inventory. Long-term bias of...
Impulsive bearish move with huge Imbalance formed due to unexpected news from BOJ. We may use this as our HTF directional bias for long term perspective. Based on the principle of "For every seller there must be a buyer", liquidity provider must have experience orders imbalance from this move. In other words, they will have more Long position in their account...
Based on the way Dollar reacted to the most recent news, a short-term bullishness could be expected. Combined the intermarket analysis, I come to a conclusion that AU is most bearish, EU is most bullish. In terms of short priority(when DXY confirming short-term bullish intention), AU > GU > EU. If DXY is ranging, Long EURAUD.
AU is more bullish than GU Look how price take out the Tuesday Range and follow through.
Price as expected react to the 1H OB after taking out the NFP low. It's now heading towards the EQHs. Let's see if price reverse after taking out this EQHs.
Intermarket Analysis - Why EU is more bullish than AU & GU? If Dollar is going higher, I'm going to Long USDCAD and Short GU & AU.
Thursday daily candle expansion If price want to continue higher, it will probably wick through the low of last 2 daily candle as EQLs/SSL, and retrace immediately when it mitigates the OB. At the end, the daily candle will looks like a pinbar with a longer wick to downside.
Price may leave the IRL/EQHs untaken and continue to spool lower until it reach the OB below. Let's see what price wanna do.
Based on what price did in Monday to predict the possible Tuesday price expansion In terms of daily, price is very likely to form a doji today, range or move down and move back up, after yesterday impulsive bearish push, price may enter a cool down period, it may continue lower during LD as a continuation of yesterday strong bearish trend. NY session price may...