This Monthly fractal we get here is key to understand the potential bias for the next few weeks. Having this bearish bias in mind, I expect some movement to the upside first. As we are early in January, I don't expect much of the markets, but by the end of this month, February in the worst case, we will see some downward movements for these two indexes, reaching the old low noted on the monthly chart.
Thank you ICT
Thank you ICT
Comment:
We have had the nice run over the equal highs followed by an other nice selloff showing a willingness to reach lower prices. We haven't see the bottom yet, patience.