NAS appears to have completed that indication and created new low (16980). The correction is now playing out and it came all the way back to that area of consolidation (17650 - 17850).
A drop and close below 17470 area, will give possible indication for sells, back down to 17030 area.
US30 broke structure and continued on a downtrend giving us a new low (Indication). It is now in a correction phase and watching as price reacts to that area 38400-38500.
If we drop and close below 38440, will be looking for entry to sell to the lows at 37300 area.
Gold broke out of that range, giving a bullish indication after creating a lower high. We can look for buys above 2398 area with the recent highs in sight (2417) and overall high target of 2426.
Price hit the first target of 2390 and pushed to give indication that it wants to continue higher. It’s busy correcting now and if 2362 area holds, we can see a continuation to the upside.
Buys valid above 2390
NAS - price broke through that last low that was created with momentum pushing past the lowest point (17790) before the highest point (18498) was reached.
That would signify a CHoCH and we are continuing a bearish outlook.
With ICC, after a new low is made in the market (Indication) we can expect a pullback/retracement (Correction), before the continuation.
We...
Gold breached 2365 and gave us an indication to show that it wants to buy to the 2430 area. This was followed by solid correction to well below the 2365 area, however creating a HL (that area of support at 2330 was not touched, so it held).
Price appears to have concluded that correction, and a break above the 2365 in session, should give us the confirmation that...
Based off Sci's ICC trading concept. Indication - Correction - Continuation
NAS created a new low below 17900 (Indication), then corrected to 18360, which created lower low. With price failing to make a new high/ break the previous highs, sells were possible below 18175 (Continuation) to the low that was created.
Will monitor price in the new week and consider...
US30
What I’m looking at for NYO today. Price not to drop below that low at 33796 area which will confirm that we are still buying. Break back above 33870 area POI. Will drop down to 15 or even 5 min to ensure that movement is clean.
Price made a new high and busy correcting at present. Looking for a pullback to the previous resistance to be considered as support for buyers to take control again. Entry would be on a close above that zone confirming buyers are in control, with a 100 point stop below the recent lows and target the new high made.
Entry will be on the lower timeframe, whichever is...
Price has rejected at that previous zone. Started making lower highs and lows breaking through the support area. If the recent 15min high isn’t broken and we drop below that zone again, sells will be valid to the recent lows.
