This is a weekly chart. Today the market wicked through the consequential encroachment(CE) (CE is 50% of a wick or gap) of an old wick from the last week of July 2023 but did not close above the CE. I see this as a potentially bearish signature. Next week, if price starts closing above that CE, I would expect to see price soon go above the high of that old wick...
Monday & Tuesday I expect to see a retracement down to the Friday 10/18 NDOG before a rally back up to take out Friday's high then a new all time high.
Monday I'm looking for a retracment to the 1D vol imbalance then hopefully take a trade if I se a reversal setup below the yellow 50% and above the yellow 100%. Terminus would be the buyside minor level. Partials would bae taken above 10.18 then above 10.23.
