What I have done here is split up the first quarter of the year into 4 quarters. Think of a bullish daily candle, it opens, makes a low, expands to make a high, and then reverses after making a high. This happens in 4 different steps. Everything I look at in these times consists of breaking things up in 4 quarters. Inside this 3rd quarter of the fist quarter of...
Heavy news on Thursday could propel a move higher towards a new high. This is what i'm framing intra week and the SMT is helping me get in line with this.
Assalamu Alaikum, Posting this as a means of study. My thought process is we move into a discount array so Tuesday I would have a bias to go lower and I would want to see either Wednesday or Tuesday make a low of the week before running for Buyside at 4244.00. Tough week this week because of FOMC Wednesday afternoon and NFP Friday making it low quality trading...
Its going to leave a high of day her and hunt sellside liquidity now, That 15m gap (pink lines) should resist price.
I am still waiting for the wave Elliot. But despite this unfortunate delay, here is my HTF chart as of today Saturday 29th 2023. A quick run down on what the general idea for what I think will happen: Price will stay under 4500 topping out. Buyside will be taken and we will start another bear run to Sellside. Anything after that is beyond me as of now...
I am still waiting for the wave Elliot. But despite this unfortunate delay, here is my HTF chart as of today Saturday 29th 2023.