US500 Top Down Analysis
!!! Copy and Paste the links below to see the charts i'm referring to in TradingView !!!
tradingview.com/x/vRWeyLiu/
On the weekly we can see how price this past week opened and rallied higher into the Weekly SIBI and then afterwards nuked lower attacking PWL, and if price breaks below 3720 then I would like to see the SSL as the DOL for the upcoming weeks.
tradingview.com/x/JPcvZX4g/
On the daily we can see clearly how price this past week formed the HOTW at Tuesday inside the Weekly SIBI before nuking aggressively lower, and what is also apparent is how price engineered SSL with an old Daily low at Friday so that might be the DOL for this week if we get a clean retracement back into one of those Daily SIBIs.
tradingview.com/x/e0dUy6xR/
tradingview.com/x/dUIxi2Cu/
On the 4H/1H we simply have this past weekly price-range annotated from High to Low, as we are going to be monitoring how price plays out inside that price-range if it doesn’t break out of it.
For more info/clarification concerning this Top Down Analysis don't hesitate to message me.
tradingview.com/x/vRWeyLiu/
On the weekly we can see how price this past week opened and rallied higher into the Weekly SIBI and then afterwards nuked lower attacking PWL, and if price breaks below 3720 then I would like to see the SSL as the DOL for the upcoming weeks.
tradingview.com/x/JPcvZX4g/
On the daily we can see clearly how price this past week formed the HOTW at Tuesday inside the Weekly SIBI before nuking aggressively lower, and what is also apparent is how price engineered SSL with an old Daily low at Friday so that might be the DOL for this week if we get a clean retracement back into one of those Daily SIBIs.
tradingview.com/x/e0dUy6xR/
tradingview.com/x/dUIxi2Cu/
On the 4H/1H we simply have this past weekly price-range annotated from High to Low, as we are going to be monitoring how price plays out inside that price-range if it doesn’t break out of it.
For more info/clarification concerning this Top Down Analysis don't hesitate to message me.
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