Bearish on NQ. PDAs as identified. Trying not to spend too much time predicting the narrative at the beginning of the week, however price is likely to interact with these zones.
Gone private but still here grinding everyday. Im expecting a weak NQ NAS NASDAQ NAS100 whatever you want to call it. Short story is buyside purged and HTF bearish delivery. Long story is yet to be told via lower time frame price discovery expression. My bias is to the downside. Target is a standard deviation of the opening price projected below the open...
Price has been delivering bullish after interacting with the monthly FVG. However I would like to see it dip further into discount prices before the trend continues. I think there is a high chance both the high and low of the previous week are violated.
CPI week so we should get some movement. I would like to see price trade into the 2day FVG above open price, at which point sellside would look attractive and I will be looking to see price take out last week’s low, and potentially trade as far low as the volume imbalance. Price opened this week with a gap. Will be looking to see how price interacts with this...
Keeping it simple on the dollar. I still see strength, at lest till the monthly FVG above current price. Should price dip to the daily FVG i will be looking to see a reversal in this area. CPI is this week and may be the fuel needed for an expansion. Anticipating an OLHC up close weekly candle.
Bullish on NAS, will focus only on trades in that direction. However we traded into a 2day SIBI FVG last week and price may want to react weakly after having interacted with it. if it does, the balanced price range formed by the 12 hour SIBI and BISI FVGs is were I would be looking to act as support and potentially see shifts in structure to resume bullish.
A little late posting an outlook on EU this week. Did not trade monday due to the holiday, didn't see anything interesting on Tue. Price has just traded to a daily OB on the weekly. There is a daily FVG above that may act as the next draw on liquidity. We can expect price to trade to it and break down, or trade through it, return and move up.
Still bullish on EU until the monthly OB is invalidated. However last week’s low may not hold. if it is taken I will be looking to see price want to move upwards following.
Bearish on NAS. Last week’s weekly printed a rejection block. If price climbs above C.E. I will be looking for the move down to begin.
Not seeing a ton of clarity on DXY. We are obviously in an uptrend, we can expect that to continue short term, but also can see recent sellside liquidity being cleared out. NFP could be a driver for either. So essentially the market is either going up… or down lol.
There is a 2Day Rej Block above open price, this is a good place to look for shorts. Relatively slow week from a news perspective besides Powell yapping on Friday. Expect a reaction based on that. The actual direction depends on where price is at at the time of the speech, this is my best guess at where it may end up.
Bearish on NAS. Monthly FVG below is what I am seeing as the current draw on liquidity. after that gets tapped price may either want to push into it, or reverse and take out some of the recent highs.
Price tapped the 2023 open last week, but did not BMS, there is a chance the bull is not dead yet. 2day FVG above is a nice short term bullish target. However with News on Friday the market may choose to switch states and show dollar weakness. For now we are staying with the trend. the 4H rej block might be a nice entry for a long idea. (short idea on EU)
Price hit a bullish daily OB, within the context of the current bullish trend we will be anticipating more bullish price action off of this unless price continues downwards to invalidate the OB. Consequent encroachment of the daily rejection block from last week and the weekly high are short term goals on the bullish end.
Bearish on NAS. Monthly FVG below is what I am seeing as the current draw on liquidity. after that gets tapped price may either want to push into it, or reverse and take out some of the recent highs.
NAS left a number of relative qual lows late last week. We are expecting price to want to trade below these to accumulate buy positions before ptonetinally expanding to take out last week’s high. There is a daily OB below price that may support it. the July open price is also at these levels. Interactions with both of these levels can be interpreted as short term...
EURUSD traded into a daily FVG last week and reversed breaking market structure to the upside. We will maintain a bullish expectation till price does something to invalidate the expectation. There is a failed 12H SIBI FVG and an 8H balanced price range. We will be watching to see price interact with this area as potential short term discount for continued...
NAS100 Outlook - NAS traded through a bearish monthly FVG last month. This is a bullish signal. We will be watching to see price return to this area. I will be looking for potential shorts to this area should price trade above last week’s high early in the week. NFP expansion may be bullish, potentially taking out the relative equal lows from last week before moving up.