reversing from a Monthly Supply zone, and now market is in a Daily Down Trend.
we are overall in a sideways market on a bigger picture, however we have a inside trend breakout.
This is a aggresive 15M intraday short setup, we must see a daily candle close below 1.3800 for this to playout well. Today, if we close above 1.3800 then the setup is no longer valid.
we have a clear break and close above the previous 4H swing high, and pulling back to a high quality demand zone.
buying in 4H uptrend, we have a good quality demand zone.
4H Trend is UP in a good quality supply zone, we see some sideways on 15M chart and potential 4H correction play.
bigger picture, gold is in sideways market. we expect to play the top and bottom of the range. however, this is a quick intraday setup with a quick profit target.
S&P is making all time high, we have good quality demand zones near the breakout zone to join the bullish momentum.
We have some clear evidence that long term Trend is in the play now, and price is in impulse wave. I have 2 entry plans with 2 Targets.
Nasdaq100 broke through the previous high creating a new high and a new UP Trend Swing. we have 3 areas to join the strong up trend. wait for the market to pull back and buy when price shows buying pressure at these areas.
playing of a daily zone , a good area to buy for a swing trade.
support/resistance level with a quality demand on daily time frame.
short in a good quality supply zone.
decent drop to take a retest of this level for further decline.