There is a choppy price action this week. I anticipate that today price action will seek downside. Of cause that will not be a straight line move. My ideal scenario is on the chart. I would like to see small move to the upside first to run on the stop of early shorts => around 9.30 reversal to the downside.
I anticipate initial downside move => reversal to the upside for at least corrective upside or even a new high => around 9.30 reversal for the main move downside. That is a choppy price action this week and Wednesday can bring volatility after Tuesday side way chopp.
The consolidation prolonged from Monday into the LRS Tuesday. I look for bullish bias. I anticipate initial decline and reversal around 8.30am. to the upside.
I anticipate more downside correction. => reversal to the upside around 8.30am => move to the upside.
I anticipate on 9.30 ss raid down => upside move before 10am => reversal down on the news itself => drop to the mid of the d VI => reversal to the upside. The complete ss redelivery into d VI is also anticipated. 10am will bring volatility so it is better to wait for the initial reaction to make any further analysis.
I would like some upside first with the 10am hi news => reversal to the downside with substantial decline => PMS reversal to the upside. 10am news can bring a lot of volatility that is why it is better to see the initial move and analyse the price action accordingly.
I anticipate more downside first=> reversal upside till about 8.30 -9.30 => some downside correction => move upside till 2pm. news event. The reaction 2pm can push to the new weekly high and reverse down after or make opposite (push down and after the correction move to the new weekly highs). It is better to wait and see the initial move.
I anticipate small move downside first => move up around the 8.30 NFP news. => downside into the the Thursday dealing range (without breaking lower of the Thursday's low). NFP can bring more volatility and other scenario. Highly risky day ahead.
I anticipate consolidation befor the NFP news with moderate drop down below the night lows. => move higher on the hills of the NFP news => reversal from higher level to the downside. It is a highly volatile day today, NFP can bring a lot of other scenarios with it.
I anticipate down retracement => move upside above the Wednesday 2pm high.
I anticipate initial move downside (even new lows of the day) => reversal around 10am news event. => move to the upside to the new high of the day.
I anticipate more downside first => reversal upside and some volatility 8.30-9.30 => more upside => a lot of volatility around 2pm news event with substantial correction to the downside => reversal to the upside and new high of the week. That is an ideal scenario. The 8.30 is the first point on schedule to prove it or make changes.
I anticipate little bit more of the downside (ideally with one more new local low) => move upside to the new high of the day => Reversal to the downside => new low of the day => around 10am reversal to the main move upside. Anticipate more volatility around 10am news.
I anticipate upside move slightly above the last high of the day. => corrective setback downside below the local lows => bigger move to the upside. This is an ideal scenario before 10.am 10am news can create more volatility and add more substantial swings in the both directions.
I anticipate more downside retracement => upside reversal around 9.30 => move to the new high of the day.
I anticipate more downside corrective move => reversal to the upside close to 9.30 and move to the upside for the new high of the day. The price action after 10am will provide more intel on the further development.
I anticipate some upside before the 8.30 and initial decline around 8.30. There are some important news that is why the initial decline can make more to the downside than is shown on the chart. Even the new lows of the day are possible. => next is the move to the new highs of the day, I would like to see new weekly high as an ideal target.
I anticipate move to the upside => around 8.30 start of the decline = > when decline is finished reversal to the upside. The possible scenario is on the chart