Alright, fledglings, listen up! Dissecting that 12:51 candle ain't brain surgery, but it ain't finger painting either. So grab your chart magnifying glass and let's dive in.
Why'd price snuggle up at that level? Think confluence, my friends. Orders piled up there like squirrels at a buffet, both buys and sells. Some dip-buyers hungry for bargains, others spooked...
Market's hotter than a third-zone loadout, ain't it? Indices pinging like UAVs, bears circling the NASDAQ like vultures around a downed UAV. Heard whispers of shorts piling on #NQ_F like they found a secret bunker full of cash contracts. But hey, never count out the bulls, right? They got more lives than a stim-addicted stim fiend in Plunder. Still, gotta watch...
Bearish signals on #ES_F:
A break below 4,400: 🔑support level, could lead to further decline.
Close below 4,300: 🐻📉signal, could lead to further weakness.
Failure to break above 4,500: 🐻still in control, the market likely to decline.
Disclaimer: This is not financial advice
Notice the respect:
I would like to see an explosive momentum raid above this level - identified by the yellow horizontal line - for confirmation of a continued push into buy-stops...
We've been pricing in this 2023 levels since last year, and I still believe we have another leg down to complete a 3D for resting nested sell-side liquidity...
This being said,...
Below are two represented ideas: $DXY and $SPY
- Decreasing Volume within the $DXY intraday with three local connection points is telling me that the $DXY will be going lower.
- $SPY
Exited BullTrap to appease the bears while reaching a critical level of demand.
Target reached today from last night FariValueGap from 12/8/22 0830 5min candle - indicated on...
