Technicals: 1. price is drawing close to a liquidity zone (PWL) 2. IRL>ERL 3. Gap fill. Price retracement as at now is at 38.2%. price needs at least 50% equilibrium to reverse. more upside momentum expected. 4. Downtrend Fundamentals Friday - NFP. This could drive prices more to the downside to take out nearest draw on liquidity. (PWL)
Boeing reports will come out negative. Pricing in the earnings, and coupling it with fundamentals, we can see it 1. Raid on FVG 2. Price is moving from IRL>ERL 3. Trendline Liquidity needs to be taken out 4. Corrective pattern. Price corrects in 3 waves(A,B & C). Expect Wave C 4. Price will come to fill the base which broke overall structure to the upside.
Price looks to take out the old dotted high and roceed with downtrend since it broke trend to the downside
Classic AMD setup in formation. as we are now in second half of the year, i expect price to reach resistance and reverse from here on to take out the low of the year. i expect markets to bleed the second half of the year
We are now at the second half of the year. By use of quarterly theory, it is also evident that we are in the third quarter. I see (XAMD) pattern. by which the X is clear to see it as reversal For knowledge purposes, X - Reversal/Continuation, A - Accumulation, M - Manipulation, D - Distribution. Usually, we have either a (XAMD) pattern or (AMDX) pattern. For...
Price is about to complete its correctional wave on HTF. currently we are seeing a rally towards the FVG. This should trigger a sell in the coming weeks to the FVG below, which will complete the correction wave B to proceed with the rally to take out the significant high for correctional wave A to form wave C. In hindsight, DXY should be bearish, but the...
Market maker buy model. Price to fill imbalance. I’m expecting a long setup to form during the week.
Price has broke out of trendline and has now hit a resistance. We are now witnessing a possible retracement in price before the continuation of the bullish move. Remember, trendline is basically a form of liquidity waiting to be purged by price. What we could experience next is, price will retrace to the grey FVG highlighted below. This is the base that broke...
Price is looking to break out of trend line. It should be worth noting that a trendline is a form of liquidity waiting to be purged. Therefore, the momentum we are expecting is for price to go bullish, break trendline. And fill the imbalance created from the FVG (fair value gap) which created the imbalance to the downside and broke the initial bullish structure....
Price has touched QML. We could see it coming down from here. My base target is below $15k. Market has reached exhaustion of bulls
Price is showing signs of Quasimodo pattern. I anticipate price to tap into the FGV before we start seeing the plummet happen. I estimate in the next 2-3yrs will be enough for it to find balance in the market before we start seeing it go back again. My guess is, when this happens (before it starts going back up again), the supply will be exhausted and there will...