I want to relate to the last idea, see things more technically and from a lower timeframe perspective.
The zone that I'm now looking for adding more longs is here.
We saw industrial commodities going parabolic recently, while oil remained quite steady.
If we think at the implied commodities correlation + china reopening....in your shoes I would think a long on oil (both technically and fundamentally ready)
We can clearly see how ES has broken the last swing high, grabbing liquidity, to be rejected down and grabbing the liquidity under those multiple lows. The bullish market structure changed to bearish
It seems like BTC price did fakeout in the date of the Fed interest rate decision. What are we going to see in a end of the year with little downside protection and poor liquidity ?
