How will price draw to new ATHs On NQ
This drop never seemed long-term. I wanted to ride the drop and wait for price to tell me it was bullish again. It still needs a new ATH, this isn't going to stay in place.
Now we see price switch Bullish on the Weekly-Daily-4H-1H Chart, all in alignment in favor of Bullish Prices.
Price will expand to the Daily SIBI and it should do it fairly easily, but once it reaches that target it's important to see how it reacts. Does a HTF Rejection occur? Anticipate a retracement into a 4H-1H Inefficiency.
Does it expand past that Daily SIBI and disrespect it? This shows strength and a disregard for Bearish PDAs which in a Bearish market would be respected, but if it's not; it shows Bullish strength, this will then act as an area to anticipate longs especially paired with HTF BISI's it'll retrace into.
There's really no reason for me to want to be Bearish long-term. There's no HTF MSS, no Bearish SMT Divergence, I also want to see engineering of Buyside Liquidity on the HTF. So HTF Chop, manipulation and then anticipate for a HTF Reversal into a Monthly-Weekly Inefficiency.
Now we see price switch Bullish on the Weekly-Daily-4H-1H Chart, all in alignment in favor of Bullish Prices.
Price will expand to the Daily SIBI and it should do it fairly easily, but once it reaches that target it's important to see how it reacts. Does a HTF Rejection occur? Anticipate a retracement into a 4H-1H Inefficiency.
Does it expand past that Daily SIBI and disrespect it? This shows strength and a disregard for Bearish PDAs which in a Bearish market would be respected, but if it's not; it shows Bullish strength, this will then act as an area to anticipate longs especially paired with HTF BISI's it'll retrace into.
There's really no reason for me to want to be Bearish long-term. There's no HTF MSS, no Bearish SMT Divergence, I also want to see engineering of Buyside Liquidity on the HTF. So HTF Chop, manipulation and then anticipate for a HTF Reversal into a Monthly-Weekly Inefficiency.
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