### Weekly Edge – Week 09 Reflection & Prepping for Week 10
## Market Overview & Higher Timeframe Structure
### Quarterly Chart – Bullish Expansion Continues
- Q1 2025 remains bullish, trading above Q4 2024 and holding within the upper 50% of its overall range.
- The last six consecutive quarters have printed higher highs and higher lows, demonstrating strong momentum and breakout behavior.
### Monthly Chart (February Close) – Key Points of Interest (POIs)
- Imbalance POIs:
- 2780 aligns with the October 2024 short-term high (2790).
- 2730 serves as another imbalance level of interest.
- November 2024 high at 2760 remains untested on the monthly chart.
- Price Action Observations:
- February closed above January, reinforcing bullish continuation.
- Wick rejections at higher prices signal some resistance.
- These POIs provide opportunities for long continuation trades and short-term targets for potential pullbacks before continuation.
## Weekly Chart – First Bearish Close of 2025
- Week 09 printed the first bearish weekly candle of the year, closing below the last two weekly periods and engulfing both.
- Price traded into the weekly imbalance (2820–2860) and saw profit-taking into Friday’s close, showing intraday bullish sentiment.
- Despite the bearish close, weekly structure remains bullish overall, with no confirmed trend reversal yet.
## Daily Chart – Initial Structural Shift
- Break in structure to the downside:
- The daily range low of 2860 was taken out, and price closed below it.
- For a confirmed daily trend change from bullish to bearish, price needs to print a lower high followed by another lower low.
- Short-Term Intraday Bias:
- Looking for longs back into the recent consolidation range around 2860.
- Watching for short setups from POIs within the range, particularly if price prints a lower high.
### Key POI for Shorts
- 2900–2920 (Failed imbalance, now acting as an inversion level).
- This area sits within the premium end of the recent bearish swing and aligns with the most recent 4H consolidation before expanding to new lows.
## March Trading Focus & Community Themes
### Scaling In Model Success
- February’s execution of scaling in at springs and upthrusts worked well.
### Profit-Taking Optimization
- March’s priority is to refine systematic exits, balancing drawdown control while letting winners run.
### Market Structure & Multi-Time Frame Analysis
- Continuing to map structure across timeframes using hand-drawn charts.
- Improving recognition of daily swing trades aligned with lower timeframe setups.
### Exit Strategy Refinement
- Monitoring price action to develop clear exit rules.
- Ensuring profits are protected while allowing strong trades to run.
## Looking Ahead – Key Plans for Week 10
- Monitoring longs off the weekly imbalance high (2860) back into the daily POI.
- Tracking how price responds at 2900–2920 for potential short setups.
- Continuing to develop and optimize scaling, exits, and market structure recognition in March.
The focus remains on trading with clarity, confidence, and control.
#WeeklyEdge #HandDrawnCharts #ScalingIn #MarketStructure #TradeExecution
## Market Overview & Higher Timeframe Structure
### Quarterly Chart – Bullish Expansion Continues
- Q1 2025 remains bullish, trading above Q4 2024 and holding within the upper 50% of its overall range.
- The last six consecutive quarters have printed higher highs and higher lows, demonstrating strong momentum and breakout behavior.
### Monthly Chart (February Close) – Key Points of Interest (POIs)
- Imbalance POIs:
- 2780 aligns with the October 2024 short-term high (2790).
- 2730 serves as another imbalance level of interest.
- November 2024 high at 2760 remains untested on the monthly chart.
- Price Action Observations:
- February closed above January, reinforcing bullish continuation.
- Wick rejections at higher prices signal some resistance.
- These POIs provide opportunities for long continuation trades and short-term targets for potential pullbacks before continuation.
## Weekly Chart – First Bearish Close of 2025
- Week 09 printed the first bearish weekly candle of the year, closing below the last two weekly periods and engulfing both.
- Price traded into the weekly imbalance (2820–2860) and saw profit-taking into Friday’s close, showing intraday bullish sentiment.
- Despite the bearish close, weekly structure remains bullish overall, with no confirmed trend reversal yet.
## Daily Chart – Initial Structural Shift
- Break in structure to the downside:
- The daily range low of 2860 was taken out, and price closed below it.
- For a confirmed daily trend change from bullish to bearish, price needs to print a lower high followed by another lower low.
- Short-Term Intraday Bias:
- Looking for longs back into the recent consolidation range around 2860.
- Watching for short setups from POIs within the range, particularly if price prints a lower high.
### Key POI for Shorts
- 2900–2920 (Failed imbalance, now acting as an inversion level).
- This area sits within the premium end of the recent bearish swing and aligns with the most recent 4H consolidation before expanding to new lows.
## March Trading Focus & Community Themes
### Scaling In Model Success
- February’s execution of scaling in at springs and upthrusts worked well.
### Profit-Taking Optimization
- March’s priority is to refine systematic exits, balancing drawdown control while letting winners run.
### Market Structure & Multi-Time Frame Analysis
- Continuing to map structure across timeframes using hand-drawn charts.
- Improving recognition of daily swing trades aligned with lower timeframe setups.
### Exit Strategy Refinement
- Monitoring price action to develop clear exit rules.
- Ensuring profits are protected while allowing strong trades to run.
## Looking Ahead – Key Plans for Week 10
- Monitoring longs off the weekly imbalance high (2860) back into the daily POI.
- Tracking how price responds at 2900–2920 for potential short setups.
- Continuing to develop and optimize scaling, exits, and market structure recognition in March.
The focus remains on trading with clarity, confidence, and control.
#WeeklyEdge #HandDrawnCharts #ScalingIn #MarketStructure #TradeExecution
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.
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.