Long

All Time Highs on the Horizon!!!

Updated

Price is on a Bullish Up trend In a Current Retracement.
This Thesis uses several different concepts. Based off of Market structure, support & resistance, RSI Divergence, Fib lvl's, ICT Concepts,

Daily: Bullish, Price is Rejecting Bullish TL and Testing structure , 61.8 prz (Daily Breaker Block forming)

H4: Bullish, Morning star R Pattern at H4 lvl

H1: Bearish (Wait for price action to return Bullish before entering)

Thesis:
Looking for price to bullish break H4 lvl to order block [20760 / 20815]
and retest back to daily lvl 20595 / previous structure high zone, for bullish entry.

Notes:
price has a overall retracement 61.8 prz
Price rejecting off bullish Trend line
Price rejecting 4H FVG
H4 Hidden Bullish Divergence
Daily Bullish Breaker Block

Cons:
-4H could be a Head and shoulders Pattern if price rejects and doesn't break through Daily lvl 20595

[Breaker block + support and resistance + Structure Retest Entry]
Wait for H1 Time frame and Execution time frames to line up with macro Bullish Trend before Executing!

TP1: 21,150
TP2: 21,468 (ATH)
TP3: 22,242 Stretch Goal (ATH)

Note

Thesis:
Looking for price to bullish break H4 lvl
and retest back to daily lvl 20595 / previous structure high zone, for bullish entry.

Notes:
price has a overall retracement 61.8 prz
Price rejecting off bullish Trend line
Price rejecting H4 FVG
H4 Hidden Bullish Divergence
Daily Bullish Breaker Block

Cons:
-4H Price action could be a Head and shoulders Pattern if price rejects and doesn't break through Daily lvl 20595

[Breaker block + support and resistance + Structure Retest Entry]
Wait for H1 Time frame and lower Execution time frames to line up with macro Bullish Trend before Executing!

TP1: 21,150
TP2: 21,468 (ATH)
TP3: 22,242 Stretch Goal (ATH)

Note

Could have taken a solid entry at the break of the low rejection candle of H4 lvl and Bullish Trend Line. Price action is showing strong bullish traction. My rules wont allow me to take entry going into a Daily S/R Lvl. Once price breaks and retest this daily resistance lvl I'll Execute.

G O G E T I T

Trade active

Expecting a brief retracement back to Daily resistance lvl 20,595 / Previous structure High.

Note

Still Holding Waiting for that Extended TP level at 21555 from a pull back on July 2nd.

Trade closed: target reached

With price action still very Bullish, I wont be greedy as this has already surpassed TP1 & TP2 Reaching a stretch PRZ Goal from July! Congrats to anyone that rode this Trend with me!

Note

The Heikin Ashi is still Showing very bullish if you have positions open, you could possibly leave around 20% open for the run with an adjusted SL!

brianfj

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