iamcooljhay

iamcooljhay

with price meeting all conditions already, i expect time for a bullish run.

iamcooljhay

a clearer interpretation of the daily timeframe analysis.

iamcooljhay

with price at a previous SH level, a run downwards towards the daily bullish OB or down to the clean highs is expected.

iamcooljhay

major price points

iamcooljhay

price rejecting at the EQL and going bullish is imminent

iamcooljhay

with price approaching a EQH after the sell stop liquidity run, a rejection at the equal high or at the bearish OB to form another buy stop liquidity pool. either way, price goes bearish.

iamcooljhay

with wave 1 playing out today at new York, price rejected at the bullish OB to form the retracement move after which price settled into consolidation to complete the daily institutional algo. a new expansion near term is expected near term tomorrow.

iamcooljhay

Price rejected at swing high which resulted in a sharp run in price forming a liquidity void. a brief retest of the new swing high will results in a sell

iamcooljhay

Price retested zone at bearish OB to form a shift in market structure.

iamcooljhay

price traded back to the weekly EQL, the OB on this daily timeframe gives the confirmation to our building block.

iamcooljhay

with price trading back to the weekly EQL, a new expansion to the upside should start with some confirmations on the daily timeframe

iamcooljhay

with price rejecting at breakeven to form an equal low, a short run in price back to the iof zone should resume the downtrend

iamcooljhay

the downtrend should continue into next month

iamcooljhay

with price successfully forming an equal low, i expect a buy right to the bearish ob at least.

iamcooljhay

with price consolidating to form a new equal low which means orders building, i expect a breakout to the upside.

iamcooljhay

a clearer view from the H4 timeframe.

iamcooljhay

with price bouncing off the bullish ob for a short retracement, i expect the downtrend to continue after price retest the level between 109.209 and 109.551. I anticipate a long term sell for days.

iamcooljhay

A rejection at the bullish ob should mark the continuation of the uptrend.