I'm still a bit bullish on US30 even with the selling pressure we had this week in the market. 1. We're sitting over a Quarter point that was used as a support on the 17th followed by a retest on the 24th. 2. Last week created a bullish structure that market is already respecting, this structure also lines up with my quarter point levels. 3. we previously...
US30 I want to see us grab the liquidity sitting at 36000 as this is also a strong Quarter point for a bullish move leading into Fridays NFP. When breaking the week into quarters you can see the AMDX/XAMD pattern that repeats with this pair so Thursday and Friday should be our distribution and possibly continuation as Friday is NFP and depending on the news...
How to understand my chart: Short Horizontal lines: Blue - Buys Red - Sells Black - 50% of the other colors / Look for closers on either side. Long Horizontal lines: Quarter points Red - Major Quarter level. These are 1,000ps apart. Blue - Minor Quarter level. These are 250ps apart. Verticals : Red - Quarter 1 Orange - Quarter 2 Green...
market has been rallying there needs to be some sort of pull back to pick up some liquidity so im looking for discounts to buy in by New york news release.