At the start of last week, things didn’t look great for the bulls. There were several signs of weakness that could have easily led to a daily trend reversal. However, that didn’t materialize. Firstly, on Monday, buyers were able to set a daily higher low. Then, on Wednesday, they positioned the price very close to the previous two weeks' high. Finally, with the...
Why market is entering into short-term bullishness again and latter uncertainty or range?
We will do both technical and fundamental analysis in this video tutorial, and we will see how both analyses can affirm each other.
Content:
. Why market is entering into a short-term bullishness? (Fundamental & Technical studies)
. Subsequently the market will enter into...
Most of us will spend about 90% of our time thinking of what to buy and at what price we should get in. In fact, that is only 10% of work done.
Focus on this scenario instead - “After getting into a position, how are we going to manage it with either a calculated loss when market go against us or how should we take profits when market perform better than our...
Why short-term trading into the US market beats the long-term investing in the year 2023?
As much as the Fed wanted to dial down the interest hike for the rest of the coming meetings, but they have limited control. It all depends on the forthcoming data, especially the CPI and the employment numbers.
If these data continue to have a higher number, the Fed may...
Confluences:
- SSL was taken
- Filled in 15M FVG
- BSL Taken / MSS
- Retest above FVG after respecting Breaker OB
- LOADS of BSL from the heavy selling today
- If we are still bearish which is likely -- Looking to take profit at that previous low from 9:30am. That would be a key resistance area.
Just for educational purposes, still learning LOTS about this...
"This week, the trading plan still remains the same. Little tweak though. Firstly, know the over-all direction. For this one—my best bet is downwards. honestly, the weekly looks more confused as ever. There’s a possibility that we might get a higher-low but until that’s established, I’ll be taking my sells. Secondly, Marking major HHs/HLs and LHs/LLs. Looking to...
Aas broken down from the video, the same pattern has repeated from 2017 were we had a nice push to upside, accumulation then continuation as price broke the previous higher high. so the same pattern is happen currently so we could expect a small pull back based on volume profile which acts as a strong POC for support before looking for long setup!!!
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I provide some indepth explanation of last week analysis and what made it invalid after seeing buying power based on institution data. Have a check to see this weekly outlook and hope you can monitor it to your own.
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