smdcosta
ZEEL. #Indian futures. The direction of movement that I am projecting is indicated. From my last analysis we see a movement in the direction indicated. Patience is required. Lows will be taken and we will see a reversal pattern forming.
We had what seems like a week where the markets did not know what it was doing. But I had projected the last weeks movement according to my understanding of ICT. Almost a perfect projection of price action using the extremely volatile and explosive news week that we have.
Look for sell side liquidity to be purged @ 138.6 Those lows are suspect to me. We see a rejection at 138.60. My belief based on my understanding of ICT is that these lows will be purged. Probably wicked. We will then look for a reversal with some significant upside movement at least to the weekly gap indicated. NOT FINANCIAL ADVISE
Price may continue to blast up taking all time highs. If we get a retracement Look for buys from the vol. Imbalance. This will put price into an OTE as well. So buys are legitimate and not chasing price.
I see a significant retracement Into the weekly minus Order Block and deeper. There has already been a 15m confirmation but as this is a swing trade idea I would wait for a 4h or even daily confirmation.
I am bullish on these Gas future long term. However I believe that we will see lower prices over the next 2 weeks. Looking for this new SL to be taken and then deeper into the imbalances between 429 and 418
Idea have reached significant lows and has been showing bullish price action based on #ICT. I would look for a suitable place to enter based on an hourly chart for exits at 50 % of the range and then full exit at the highs.