US10Y - Weekly Continued Run On Buy Stops?This week was not easy for those looking to short back down to broken resistance; 4.137%. We saw TVC:US10Y 4.196% buy stops liquidated before rejecting from a HTF 6-month bearish order block that has been respected in the past.
Based on Thursday's sell stop raid, with the lows being 4.187%, we swiftly retraced before closing 50% of thew daily range @ 4.283.
I am not ruling out the chance of a short term bearish run towards the upper and lower displacement new week opening gap as that could be a great area for the accumulation of longs to begin.
A bearish run 4.187% would bring me back to the drawing boards as there would be a higher probability chance that my idea will get negated
What do you think this means for CBOT:ZB1!
My philosophy is simple...
Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go.
This includes;
- Market Structure
- Buyside/Sellside Liquidity
- Order Blocks
- Liquidity Voids
- Fair Value Gaps
- Optimal Trade Entry
- Premium/Discount Array
- SIBI/BISI
- Many More!
The strategies mentioned here are some of many that I use to implement into my analysis and over time, with consistency I aim to achieve a high degree of accuracy in the markets with the foresight and understanding to assess what went wrong when my bias is negated.
Credits;
- Michael Joe HUDDLESTONE
- Shawn Lee POWELL
- Toray KORTAN