Sharkrief

Sharkrief Updated 

TVC:DXY U.S Dollar Index marked on the weekly chart The U.S Dollar has been on a tear the past year, almost breaking old highs from 2001. However, DXY has chosen to respect its historical seasonality with the pullback in recent weeks which I believe will continue further before ultimately re-aligning with the longer term bullish narrative. Confluences ...

Sharkrief Updated 

COMEX:GC1! Gold Futures marked on the weekly chart Confluences: Major sellside liquidity taken with the break of the 2021 lows, should now seek the opposite: buyside. Respected the volume imbalance boxed at 1625-1650 by wicking up 3 times and candle bodies staying above; It shows signs of accumulation. Market Structure Shift (MSS). First time a...

Sharkrief Updated 

NYMEX:CL1! Crude Oil futures marked on the 1D chart CL looks like it wants to target $66 on the weekly chart, so here's the daily chart for zoomed in analysis. Confluences Relative equal highs (EQH) for internal buyside liquidity rests in the middle of the range. Imbalance above EQH. Rejected a past 1D liquidity void. Rejected a past 1D imbalance. ...

Sharkrief Updated 

NYMEX:CL1! Crude Oil futures marked on the 4h chart After being neutral the past week due to ranging behavior, CL has just possibly shown its hand on where it is headed to in the short term. Confluences Overall bearish order flow since the summer. Liquidity grab at the double top (marked with the X line). Market Structure Shift (MSS) by breaking the...