Expecting a green week, reasons below.
Weekly
Zooming out and looking at this year's range, on the weekly we could see an expansion over the 50% equilibrium, only to be followed by a strong sell off (considering all the macro factors).
Daily
My outlook for a bullish week:
Ø We are already so close to the weekly swing high
Ø Weekly factors mentioned before
Ø Close to weekly resistance level (looking to test it)
Ø A lot of buyside liquidity resting nearby from people going short
It is possible we see a bit of correction short term to fill out the gaps left behind before going higher for the week.
Good Luck!
Weekly
Daily
My outlook for a bullish week:
Ø We are already so close to the weekly swing high
Ø Weekly factors mentioned before
Ø Close to weekly resistance level (looking to test it)
Ø A lot of buyside liquidity resting nearby from people going short
It is possible we see a bit of correction short term to fill out the gaps left behind before going higher for the week.
Good Luck!