Bullish I think in the beginning of the week we will Either Dip down into a weekly imbalance or just head upwards upon open I lean more towards dipping down first.
We already tapped into the weekly FVG and headed lower for Jackson Hole symposium 2024 so right now, my first idea is... 1.) we will just drop upon market open 2.) we will tap into the highlighted area first, then drop 3.) we tap above previous week's high further into that weekly gap then head bearish
Either as soon as Sunday reopens or perhaps London KZ /NY KZ, I'm expecting for price to come tap the low from Friday -last day of May. OFC wait for a 1-5min BOS upward for confluence on entry technique. Expecting it to eventually take May's high but will just target this upper area. I think 500 pips will do me just fine.
We could just chop up till NFP so take partials, but I think we could possibly go down to rebalance CPI. If not now, then maybe for NFP.
Anticipating price to most likely hit the 1H BOS leg inducement then drop to rebalance the area from CPI. less likely but could just drop to the rebalance area to retrace then take off bullish for the rest of the week. We will see what Tuesday does.
possible for CPI and PPI news weekly points to take note at this time is the hourly breaker as retracement and then big liquidity pool from an old high either way I think CPI will hit either of these two areas and PPI will just seek and destroy in probably the same direction
if price goes above that high we will be bullish for the rest of the year if not then we will continue bearish
We are having two Powell speeches one on Wednesday morning and the next Thursday. I'm expecting a retracement to either the larger 1H FVG or the 1H FVG paired with the breaker. My honest opinion is that it will only go to the larger 1H FVG on Wednesday Powell speech then return bullish especially by Thursday's Powell speech.
took PDL liquidity and then broke 5min structure to the upside made a nice 5min FVG so I reentered lets see
just the same chart as last posted but with the day of the week on here
not too shabby we pretty much did exactly what I anticipated for the entire week Doesn't always happen but when it does it helps with confidence journaling is the key for confidence.
just a rough guestimate This Thursday having GDP news means its will be wishy washy hit a Discount POI and reverse up after is what I seem to see on theses Thursdays.
FOMC hit the targeted draw on liquidity we didn't retrace to my retracement PI but that's ok
based on the news I would think Monday till early weds we chop down slightly then weds FOMC we enter our POI which is 1H OB & 38% Fib retracement which seems appropriate after reaching a certain area on the left side I would think after BOS upward from our area we also reach the next draw on LiQ which is Feb's high -FOMC Weds after 1:30pm central time.
This week we managed to have SMT between CPI and PPi days like I imagined. We also had PPI Mitigate into a 1H OB from CPI then have a huge push up ward. we hit the target area and then some
CPI & PPI will fumble around whip back and forth (Probably see SMT between CPI and PPi days) then after PPI go bullish head toward REQH and there is still a gap in that high from the previous week right about the REQH's probably go bullish till at least mid-April and will probably take out Feb's high if not mitigate into a higher area from Feb. but for now,...
it played out how it was supposed to We induced back up to the 1H OB of the BOS leg then headed back down. I didn't think we would take out the lows. I guessed that we were going to hit an area highlighted in red and then push upward my thoughts were based on the fact that we already took February's lows early, but I do now realize seasonal data supports that...
I'm a tad concerned about this area since price is inefficient here we could possibly go all the way back down here before going bullish next week we shall see