Updated
US100 - NQ - Overnight Liquidity
These are the levels that I shall be watching today.
My bias is to the downside for the start of the week, but obviously, with the amount of volatility possible with BTCUSD falling off, we could get all the downside and upside in one day.
For now, I'll just watch what price does before the US Open. If we take the upside out first, I will be very bearish the rest of the week until proven otherwise.
My bias is to the downside for the start of the week, but obviously, with the amount of volatility possible with BTCUSD falling off, we could get all the downside and upside in one day.
For now, I'll just watch what price does before the US Open. If we take the upside out first, I will be very bearish the rest of the week until proven otherwise.
Note
IB not showing follow-through or direction so, going to sit out for a bit
Note
So I was correct with the downside bias. The 66% probability line was hit before a Half Back retrace. Probably one of the best technical days ever.
Trade closed manually
Depending on how we open tomorrow and where the overnight liquidity is will determine whether I feel we still test lower. Or whether that was it for the downside backfill. We have FOMC on Wednesday, so the market is going to tread water at somepoint.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.