I want price to gravitate towards, at least, this Unbalanced FVG on the 1H timeframe.
On the long-term basis, you can see that price in NQ! is overextended and it would be fair to reach and gravitate towards lower Unfilled FVG's.
I anticipate that the price will maintain its position around this Weekly FVG and potentially strive for the unfilled Daily FVG at approximately 4450. However, it's crucial to exercise patience and await the Sunday opening, which is likely to provide further insights into the week ahead.
Observe the objectives in both, ES! and NQ! I will pay attention to these specific objectives (Unbalanced FVG's) where price could possibly react from or gravitate towards.
Exercise caution if you currently hold a position in ES, as NQ has unfilled FVGs at lower levels in the leg where ES has already filled them. Given the strong correlation between these two pairs, it would be prudent to consider keeping a "cash" position. This is because ES might fall short of reaching the higher objectives, especially if NQ responds to these...
If price holds this level, I want to see it gravitate towards higher prices and eventually reach the 4H and 15m FVG that are still unfilled.
Price balanced this whole leg, so there is no need to revisit those levels.On the other note, there are still two FVGs that remain unfilled. If price decides to reach for objectives, than I would pay attention to those levels as my potential targets.
I am currently monitoring specific predetermined price levels. I will maintain a neutral stance until the upcoming NY Opening bell, at which point I will assess if the price has shown further favorable development.
ES! focus points for the upcoming sessions, based on the daily Timeframe.
Could price stagnate here for a lil bit, as NQ! made a significant move to the upside? Be cautious.
Price has completed a significant leg and has accumulated numerous objectives/FVGs it might potentially move towards. I'll maintain a neutral stance until price undergoes further development into the NY AM-session.
There are no additional objectives to be discovered here. Therefore, it is highly probable that the price in NQ will aim for lower objectives after achieving its "final" objective.
There are no additional objectives to be discovered here. Therefore, it is highly probable that the price in NQ will aim for lower objectives after achieving its "final" objective. But, you can observe that ES! still has some more unfilled FVG's to reach for. Therefore, you should be cautious when opening positions.
I'm going to monitor the this leg, where price left Objectives (Unfilled FVGs) which price could potentially gravitate towards in the near future.
Price has the potential to move in either direction, as it has left objectives on both sides of the marketplace. (Which indicates it will not provide a high probable outcome).
With objectives present on both sides of the market, it indicates a low probability and unfavorable market conditions. Consequently, I choose to maintain a neutral stance for the remainder of the session.
I'll maintain a neutral position at this stage. I'm closely monitoring the Unbalanced FVG that has formed on the 15-minute timeframe.
Throughout the remaining session, I will maintain a neutral stance. The current market conditions present objectives on both sides of the market, and it's uncertain which price direction will be favored. Additionally, we have an impending CPI data release to consider.