11/26/23 US30 Weekly Outlook
11/26/23 US30 Weekly Outlook
#US30 #WeeklyOutlook
Last week did as expected by continuing to take out highs. We were busy Sunday to Wednesday and stalled out on early market closure because of the holiday. Next week should be busy with a lot of news and we may also get some early reports on Black Friday and Cyber Monday sales. We have news to watch out for everyday up until Friday at 11am when Powell speaks. However, we don’t have #NFP until next Friday. So #powell, #UnemploymentClaims, #PCE, #gdp, #Consumerconfidence, will be the big news releases to watch out for
#BullishCase: The bullish case is to take the PWH on each of the time frames. There are -POIs above us that are still our HTF draw. We tapped a W-FVG around 16000 and are in the moment fading into a 4H+FVG that we have already traded up from. On the LTF, after we take the PDL we made on Friday, we will need to watch how price reacts with the FVG on the LTFs
#BearishCase: The bearish case is the PDL from Friday as well. If we trade through this low with impulse, then I will aim for the PDLs from Wednesday and Thursday on the LTFs
1H chart
4h chart
D chart:
W chart
#US30 #WeeklyOutlook
Last week did as expected by continuing to take out highs. We were busy Sunday to Wednesday and stalled out on early market closure because of the holiday. Next week should be busy with a lot of news and we may also get some early reports on Black Friday and Cyber Monday sales. We have news to watch out for everyday up until Friday at 11am when Powell speaks. However, we don’t have #NFP until next Friday. So #powell, #UnemploymentClaims, #PCE, #gdp, #Consumerconfidence, will be the big news releases to watch out for
#BullishCase: The bullish case is to take the PWH on each of the time frames. There are -POIs above us that are still our HTF draw. We tapped a W-FVG around 16000 and are in the moment fading into a 4H+FVG that we have already traded up from. On the LTF, after we take the PDL we made on Friday, we will need to watch how price reacts with the FVG on the LTFs
#BearishCase: The bearish case is the PDL from Friday as well. If we trade through this low with impulse, then I will aim for the PDLs from Wednesday and Thursday on the LTFs
1H chart
4h chart
D chart:
W chart
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