With Fundamentals having a great impact on Price, and at this point in time, from an HTF point of view, all USD Based Indices are Bearish in Nature.
With Inflation worries, the DXY having created a WTF HL with a High Probability of Higher Prices, and the S&P500 still Bearish in nature, Lower Prices were almost probable.
WTF
- Sentiment is Bearish in nature
- With a WTF BOS, breaking a Swing Range Low, expected is the creation of a LL
- Market Open for the week gapped to the downside , there is a High Probability of PA retesting that Area of Price in the near future.
- the WTF Candlestick, regarded as a strong Trend Bar, is Highly likely that PA will go in search of lower prices
- Noted: That just like to the S&P500, price is in the area of Pre-Covid prices. so at this point in time unless and in conjunction with the Strength of the Dollar Index, Lower Prices are to be expected.
DTF
- Bearish in Structure
- With PA testing WTF Area of Demand, further tapping into a DTF_OB, PA found some relief after breaking below Area of Minor Structure
H4
- Bearish in Structure since M/O has created LL/LH
- With DTF Minor Structure a break below indicates that PA was always going in search of Lower prices
- A retest of that Flag is Probable but LTF needs to create the means in the form of Structure, an HL DB, breaking H4_CHOCH would lay a strong foundation to do so if that is the case of the H4/ DTF creating a LL for reversed prices
Notes:
- With PA at Point of Interest, important to keep Market Structure on every timeframe in mind when planning any position
- A BOS/ CHOCH, requires some sort of Pullback on that timeframe and how each timeframe supports each other
- Without the use of Indicators, I use Price as my main source of information and not perceived information so trade your edge...
With Inflation worries, the DXY having created a WTF HL with a High Probability of Higher Prices, and the S&P500 still Bearish in nature, Lower Prices were almost probable.
WTF
- Sentiment is Bearish in nature
- With a WTF BOS, breaking a Swing Range Low, expected is the creation of a LL
- Market Open for the week gapped to the downside , there is a High Probability of PA retesting that Area of Price in the near future.
- the WTF Candlestick, regarded as a strong Trend Bar, is Highly likely that PA will go in search of lower prices
- Noted: That just like to the S&P500, price is in the area of Pre-Covid prices. so at this point in time unless and in conjunction with the Strength of the Dollar Index, Lower Prices are to be expected.
DTF
- Bearish in Structure
- With PA testing WTF Area of Demand, further tapping into a DTF_OB, PA found some relief after breaking below Area of Minor Structure
H4
- Bearish in Structure since M/O has created LL/LH
- With DTF Minor Structure a break below indicates that PA was always going in search of Lower prices
- A retest of that Flag is Probable but LTF needs to create the means in the form of Structure, an HL DB, breaking H4_CHOCH would lay a strong foundation to do so if that is the case of the H4/ DTF creating a LL for reversed prices
Notes:
- With PA at Point of Interest, important to keep Market Structure on every timeframe in mind when planning any position
- A BOS/ CHOCH, requires some sort of Pullback on that timeframe and how each timeframe supports each other
- Without the use of Indicators, I use Price as my main source of information and not perceived information so trade your edge...