Since my last Nas set up i took on 8/29 i been patiently waiting for a full correction,( pullback), to continue buys on this current trend. I'll like to see Nas pull back into the yellow zone area and break back above 15374 area. For me this would be a high quality set up to take a buy to the last high, (15628), since we already know where price went to last time...
US30 has been on a downtrend since the beginning of the month, we had some consolidation to only break under that range signaling more bearish pressure on 8/24, but price is now climbing creating HH's & HL's giving us more bullish momentum. Every time price creates a new high or a new low price will always correct itself (retest) to proceed with the continuation....
Price was bullish before Thursday 8/24, so my bias was taking buys after we got a correction to continue the trend to the upside breaking the previous high (15374). Fundamentals caused a sell off by fed hinting that rate cuts weren’t coming anytime soon, so the market sold off before Powell spoke Friday morning. My bias coming into this week is taking shorts only...
Gold has been on a down trend creating LH's and LL's. Yesterday gold gave us an indication that price wants to continue down by creating a new low. So we're simply waiting for the correction and the continuation targeting yesterdays last LL. Im looking for a break and close under the 1891 area and target 1885 area