S&P 500 IndexShort
Complete analysis - shooort
S&P 500
Bias:
• Weekly – Uptrend
• Daily – Downtrend
• 4H – Uptrend
• 1H – Uptrend
Fair Value Gap’s.
• 5,740 – 5,830 on the daily
• 6,038 – 5,934 on the daily, filled in by last candle
• 5,979 – 6,016 on the 2H, (23 Dec 15.30 – 24 Dec 11.30)
Order Block:
• 6,037 – 6,063 on the 1H, (17 Dec 15.30 – 18 Dec 11.30)
• 5,892 – 5,840 on the 30M (19 dec 15.30 – 20 Dec 09.30)
Liquidity pool:
• 5,700
• 5,854 (Got hit at 09.30 and Bullishly swept from 09.50 ending in a Premium short with the use of Equilibrium at 12.00)
• 6,102
I think we are going to se it draw back in to the FVG that the last three 2H candles created before then testing the Order Block at 6,037 – 6,063 and procced to hunt the liquidity laying at 6,103 since it’s on a bullish rally on the daily since 20 Dec after hitting Liquidity laying there.
Before dipping all the way down to the FVG at 5,740 – 5,830.
And I think it will go on to the Premium buy side since the market would probably want to hit the Liquidity laying at 5,700.
Though I really doubt it is going to hit that since we are in an weekly uptrend.
From the previous reactions of all the building block I showed it seems it will still follow the same pattern if not any news shows up, I have showed prices reacting of previously named building blocks and then proceeded to predict it next moves based on that the market will continue that pattern.
Ideally the best entry for a short would in my opinion be at 6,102 and above after seeing a break of structure to the downside at the 15M chart.
I am pretty new to this so would love any feedback. You don’t agree with the analysis? Then please comment why so I could see you’re resoning.
Bias:
• Weekly – Uptrend
• Daily – Downtrend
• 4H – Uptrend
• 1H – Uptrend
Fair Value Gap’s.
• 5,740 – 5,830 on the daily
• 6,038 – 5,934 on the daily, filled in by last candle
• 5,979 – 6,016 on the 2H, (23 Dec 15.30 – 24 Dec 11.30)
Order Block:
• 6,037 – 6,063 on the 1H, (17 Dec 15.30 – 18 Dec 11.30)
• 5,892 – 5,840 on the 30M (19 dec 15.30 – 20 Dec 09.30)
Liquidity pool:
• 5,700
• 5,854 (Got hit at 09.30 and Bullishly swept from 09.50 ending in a Premium short with the use of Equilibrium at 12.00)
• 6,102
I think we are going to se it draw back in to the FVG that the last three 2H candles created before then testing the Order Block at 6,037 – 6,063 and procced to hunt the liquidity laying at 6,103 since it’s on a bullish rally on the daily since 20 Dec after hitting Liquidity laying there.
Before dipping all the way down to the FVG at 5,740 – 5,830.
And I think it will go on to the Premium buy side since the market would probably want to hit the Liquidity laying at 5,700.
Though I really doubt it is going to hit that since we are in an weekly uptrend.
From the previous reactions of all the building block I showed it seems it will still follow the same pattern if not any news shows up, I have showed prices reacting of previously named building blocks and then proceeded to predict it next moves based on that the market will continue that pattern.
Ideally the best entry for a short would in my opinion be at 6,102 and above after seeing a break of structure to the downside at the 15M chart.
I am pretty new to this so would love any feedback. You don’t agree with the analysis? Then please comment why so I could see you’re resoning.
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