Areas of interest is $69,000 - $63,300 The range is wide as choppy price action do not provide high accuracy on a macro level
Well done all gold holders! If you managed to hold onto your gold longs and bullions from 2020 covid pandemic, you should be a rich man. I think there's more of where that came from in stock!
I feed of information! And right now I am itching for more! Very tough to tell but with volitility ahead throughout the band of this week, PD arrays will be attacked in some way shape or form.
Anything goes this week! Trading within thin margins does not provide low risk, high reward strategies. Lookout for the volatile week ahead. Liquidity WILL print price to a PD array
Compared to ES and NQ, YM is the only pair to close above Wednesdays high but with high volatility in the cards and YM currently trading in 'no-mans land', expect things to happen!
Very similar price action to ES, just with a few extra signatures. I will be awaiting more data for me to make a clear decision where price action is most likely going to draw to.
With 4 consecutive weeks of straight bullish price action, what would it take to slow down this bullet train? I mean, it could go up forever but markets move in waves of fractals and retracement is perfectly healthy in a macro bull market.
Monday 20th: 3 Gold Folders Tuesday 21st: 5 Gold Folders, 4 Red Wednesday 22nd: 5 Gold, 5 Red Thursday 23rd: 3 Gold, 9 Red Friday 24th: 6 Gold, 2 Red Many will cry themselves to sleep as stops get triggered on both sides as this week is a HECTIC week!
Yields and Bonds seem to be friends as of lately with signatures in both indicating that Bonds has a high possibility of continuing to sell-off into the liquidity void located down at 116.28-116.25. Sniping overall target of 116.16
Last week was packed of rangebound action but Wednesday was the day that changed the market structure, shifting to the downside. Expecting a relief rally upto 4.450%
Slow week but as I am a scalper, short term price movements is what really matters for me. With that being said, the intraday EQ @ 1.07571 is my first point of call with target 2 being 1.07434.
Slow week but as I am a scalper, short term price movements is what really matters for me. With that being said, the intraday EQ @ 1.07571 is my first point of call with target 2 being 1.07434.
Interesting to see how price action plays out. Bullflag pattern printed with the notion that bulls could break out of a bullflag when the total opposite could happen.
Not as obvious as ES and NQ but i do have the inclination that $39,800 is in the cards. Worth monitoring it throughout the week
NQ has been relatively rangebound for the past 4 days, with Friday sweeping buystops before closing as a shooting star inside of all the other candles. It’s challenging to agree with one side of the market place but as we have witnessed a rejection from the 50% PD array @ Fridays 10am US session capitulation, a lot of pain from bullish participants who are long...
With bullish price action this week, some sort of retracement is considered healthy and with 5229.75 in the cards for a draw of liquidity, next week will be interesting.
After last weeks -1.84% sell off into 104.522, it’s expected for price action to trade within a rangebound state, as accumulation needs to take place in order for the next draw of liquidity to be attacked. Although the majority of the week has been bullish, Thursday saw significant selling pressure, booking at the weekly EQ @ 105.212 before reacting to the upside...
It was tricky to outline bias for this week due to the in-alignment in price action between yields and bonds but with more price action printed for me to analyse, it’s a clearer picture for next weeks trading. Rangebound throughout the week with Monday and Wednesday being the days price action traded as a ‘inside day’, inside of a weekly fair value gap and macro...