For the week ahead, the outlook for the US30 (Dow Jones Industrial Average) on the 4-hour chart appears cautiously bullish. Recent market sentiment has been driven by expectations regarding the Federal Reserve's potential interest rate cuts. Analysts suggest that the decision between a 25 or 50 basis point cut is key to the market's direction this week. Any dovish...
Nas100 will retrace deeper making another new high on the daily time frame. And fundamentally looking at it, the short side will short lived. It could break the old high. But let's wait and see what happens.
Market structure is overall bullish. The bears haven't had full control over the day, and the liquidity in premium prices must be balanced.
The bears have failed the battle, the sell side of things was only used to balance liquidity, overall market structure looks very bullish, and all price imbalances in the premium market must be filled.
Gold didn't break support price but created a range which was later broken to the sell side showing signs of bullish ness being engineered.
If you look at m,w and d tf you can tell that the current market is very bearish. Monday we probably see a move to upside. Then it may continue dropping after filling up the sell orders. The SSL on the week I yet to be cleared and so that price level of sell stops is my overall target for shorts.
LAST WEEK WE KILLED THE SELL, NAS IS ON HIGH LIQUIDITY LEVEL, IT MIGHT BUY OR DROP MORE BEFORE GOING HIGHER
BUY GBPJPY AFTER CORRECTIONAL MOVE, GBP FUNDAMENTALS HAVE BULLISH SENTIMENT.
Please check out my chart. the strength of the dollar will be short lived,
Please check the chart, and leave a comment for improvement purposes!