After trading into our key area at 15144.2 we are bearish on daily bias and trading below our 50 and 8 MA. We are looking to sell into the imbalance on H4 at 14902.0 Target 1 @ 14559.5 Target 2 @ 14355.0 Another important thing to observe is the break in market correlation on the 3 US major indexes (S&P500, Dow Jones and Nasdaq) if we see a break in market...
-Gold daily bias has been bullish. -We traded into an imbalance area at 1948.50 -A rail road candlestick formation is taking place, and we traded into an Order Block. -We broke out to the upside on the descending wedge Main target will be 2009.57 Target 1 is at a strong resistance 1975.23 Target 2 at 1989.27
Nasdaq was trading in a descending wedge which is illustrated with the green tread lines. We broke out wedge with a retest at 1384.10 creating a bullish order block in it's reaction to the upside, leaving an untested imbalance and bullish order block at 14030.40(Buy limit order) Potential resistance at 14724.20 beware of potential break of of structure. My main...
With the trend we are bullish ascending channel and on the daily timeframe we are bullish and we broke above a descending channel, with a retest, we may confirm bullish next week (new weekly candle) Filled in a weekly imbalance @ 2188.8 and bullish order block. We have a new bullish imbalance coming in @2809.90(Buy limit order) Strong resistance areas @3458.50 ...
We are still long on XAUUSD. After the exhaustion, we are shifting back into a Bullish structure. 1772.00 - 1718.00 held price up and we are strong bullish on the weekly. On the Monthly we are arriving at a juncture, we may see a pull back soon, 1846.00 - 1899.00 area should be noted.