We are anticipating a sweep of the 104.363 level in the upcoming week leading up to the break of 105.753 and from there we will see a pullback into our reclaimed order block at 105.261. More updates to follow
We are starting to see the early signs of seasonal tendencies across all markets. Price took out the 76.84 low (Turtle soup) on which it is acting as a support currently. The consolidation we are currently in will most likely be broken in the next week and we will look for an entry long on the lower TF as well. Target 1 coming in at 82.05, Target 2 at 84.42 and...
We are anticipating higher pricing following the recent dollar weakness. Our entry long will come in at 2345.00 which is also a Reclaimed Order Block on H4 and Order block on the Weekly TF coinciding with the enrty level.Target 1 will be coming in at 2377 and target 2 will be 2417. More updates to follow.
After sweeping the 17114 level on the daily timeframe, price has broken 17435 which was our Break in Structure. We are looking to go long once price breaks above 17603 (Reclaimed OB) leading us to target 1 coming in at 18029 and price is above our 50 MA. Below the 17435 is a dead zone (Point of no return) More updates to follow.
We have a simple bread and butter setup here. The Daily Order Block at 144.948 is coming in at 50% Fibonacci level and we recently broke out of a Bearish wedge/trend. 146.773 may provide a strong resistance and an opportunity to reenter. TP1 147.737 TP2 149.764 TP3 151.899 More updates to follow.
Amazon was trading Bearish for the whole of 2022 into January this year and now we finally turned Bullish on May 15 with a Break in Structure at $113. Our main focus was the Propulsion Block resting at $126 and at the same level we had a Search and Destroy Profile sweeping 143.98 (High) and 126.33 (Low) Our first target is $159 and we looking to make a re entry...
After sweeping 2015.28 we saw price react from that level abruptly and breaking our descending wedge. We have a Reclaimed Order Block coming in at 2033.00 which is our entry long. We have a reentry opportunity coming in at 2045.11 which would be the safer entry point for confirmation purposes. More updates to follow.
We recently took out an all time high on the monthly timeframe at 16790 and after that sweep we saw a break in structure. We have a Reclaimed Order Block and an internal sweep at close proximity in the last rising wedge. We looking to sell into the Daily Order Block which has a low probability of holding. More updates to follow.
After a lengthy consolidation, EJ found some liquidity resting below the 155.511 low and created a Bullish Order Block. The channel we were in has also been broken. We looking to go long on the Reclaimed Order Block coming in at 157.614 targeting 165.342
We have a search and destroy profile on the Weekly TF, sweeping $105 and $65 showing unwillingness to continue lower. We have a higher low at $59 on the Daily and a Break in structure supporting our search and destroy profile on the Weekly. We anticipate seeing $72.94 being broken soon which is our low hanging fruit (target 1) More updates on entry points soon
After a sweep for liquidity below the $30 level on the monthly timeframe, we are starting to see a bullish sentiment. We broke structure at $28.72 and now we are waiting for price to retrace into our Recliamed daily Order Block at $32.70 More updates to follow
After the recent surge, price was looking to fill in the liquidity void it had created from the drop from $39.98 Price is showing unwillingness to fill the entire void and is showing weakness, supported by the fact that it entered into a significant Premium Array. Target 1 $17.14 Target 2 $15.39 Target 3 $13.94
The Index is due to post a major low soon based on seasonal tendencies. We are still going to see selling pressure for a short while, once we trade below 101.289 we will enter a Major Discount Array on the major timeframes, this translates to long term bullish trend. We will continue to follow the index in order to time our long positions, for now we remain...