HollywooodTrades

HollywooodTrades

We await to see what the DXY wants to do. Will it respect the bearish array and seek to complete it's sellside rebalance? Or will it seek further buyside clearing of old inefficient range above from the yearly chart? I believe the new year candle will seek the high of the current candle closing. We will have some time to see this play out.

HollywooodTrades

For those who don't know, these imbalanced ranged are the keep to a trend. Many use trend lines to inadvertently ride the effect of FVGs but it's the zone itself that is propelling the trend and the line that is generated as these keep stacking is a byproduct and a secondary technical tool. These zones are where Supply and Demand will be the strongest! Keep your...

HollywooodTrades

Massive supply block above the range with buyers trapped above volume profile Point of Control (dashed white line) The bearish block that got traded through was supposed to give bears a way out as price travelled back into it but they held their positions short meaning none of them really got scared by the rally above that block We can assume this is an...

HollywooodTrades

There should be a good long happening from this range. The leg that pushed down is a Judas sell run that never swept any of the 4H highs so all off it is structureless making it easy to be long into the FIB levels ✅

HollywooodTrades

As we reach the week's closing, the dollar is expected to create another swing high here. With the supply in place after reaching a take profit level, it may be expected to be a failure to reach a higher high. We will see come next week what they decide on 🧐

HollywooodTrades

We know that EU and the whole correlated marked are at inverse ends of the Spectrum. DXY sitting heavy into a supply range and EU in demand. If we see signs of a liquidity exchange here with long bullish imbalanced movement, we can try to capitalize on a potential windfall long of a couple hundred pips to the next supply zone up on the daily levels.

HollywooodTrades

The bullish array we are at now contains a flipped imbalance and can indefinitely hold price within it's boundary preventing a close lower close. If this is the case, we will see heavy wicking in this area and a reverse to the high of the Friday candle high. Depending what happens at the high will determine what to expect next. The main observation that is...

HollywooodTrades

Self explained move when you understand time based charts and how they need to rebalance based on a new candle correcting the one way motion of a previous candle. We are free to allow this new quarterly to either drop to a new low below the current low or just meander in the middle of the range. We prefer one way motion all the way towards the low at this point...

HollywooodTrades

As you can see on my markups, these are the meat of the bearish arrays. As DOW and S&P push into ATH deviations, it will bring NAS up through its resistance but there is a high chance that there is an institutional taking of profit before NAS reaches ATH. Keep your eyes on the ATH as draw until we get a daily bearish imbalance. This bearish block won't hold for...

HollywooodTrades

Not much to say here except watch what happens are deviation targets above. These deviations are derived from the sum total of down candles from the retracement period. We have reached the 2 Standard Deviation pretty easily. Seeing as how there are no highs to set TPs, we must watch to see which one of these cause an institutional taking of profit and then we...

HollywooodTrades

Already know we are bullish, we have a decent re-entry zone in the +BB/FVG I marked with the 🐮 However, as we know when a new HTF FVG is printed, IPDA will bring all the resting orders higher into the range between here and 50% of the new FVG. It's looking very clear from here. We love this type of one sided targeting

HollywooodTrades

I believe we will catch our next major bearish delivery from this $2420 mitigation. If we get any bearish activity in this range is is to be taken very serious as we push into the fib level resistance around 50%. We have just at current PA run the stops of any early bears and may be seeking higher stops to trigger anything leftover in the bearish continuation...

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HollywooodTrades

With 2 separate C.E.'s in position above and below the price, we'll most likely see a breakout of this zone in regard to these 2 levels Top Levels 1930.45 BSL 1928.52 1hr close 19.25.32 4hr close Mid Levels 1923.00 Current BiSi C.E. Low Levels 1920.64 Nearest wick to BiSi 1918.67 Price to balance BiSi 1916.15 SSL

HollywooodTrades

I believe the next few sessions on Tuesday and Wednesday will be down trending as gamestop is topped out on hourly indicators.