DXY will dictate the pace, check out my detailed idea on that.
Overall, if price tends to be bullish, I would like to see that daily fair value gap disrespected. I won't wait until price closes above it. First I want to see it trades into, creating a gap along the way. Than anticipate a small retracement back into that. That would indicate bullish order flow in the markets. I'll keep this updated during the week. But remember guys it's December! Slow month, volatility is lacking from the markets. This week could be moving ofc, news at the and of the week. The question is, how will price move. Ok byyy
Overall, if price tends to be bullish, I would like to see that daily fair value gap disrespected. I won't wait until price closes above it. First I want to see it trades into, creating a gap along the way. Than anticipate a small retracement back into that. That would indicate bullish order flow in the markets. I'll keep this updated during the week. But remember guys it's December! Slow month, volatility is lacking from the markets. This week could be moving ofc, news at the and of the week. The question is, how will price move. Ok byyy
Comment:
DXY is currently hanging out in the weekly gap (check out my DXY analysis). No clear direction on that. I chose to sit on the sidelines for now. DXY might be heading up for the bigger weekly gap. But as I said, no clear direction for now.