S&P ASX 200 Australian index long bias. Previous strong weekly demand level in control from around 5720. New very strong weekly demand created at 5804 Waiting for weekly highs to be solidly broken before going long again. Longs lower at weekly demand imbalance or new daily and weekly demand zones if weekly highs are broken
Ethereum crypto currency ETHUSD is reacting strongly to monthly demand level as expected and analysis in previous supply and demand trading analysis and video analysis previous weeks. Strong monthly demand imbalance at 357 took control and Ethereum started to react to it very strongly creating new daily and weekly demand zones. Longs at new daily and weekly demand ...
EURUSD is a clear example of when to do nothing and sit on your hands waiting for the right opportunity and imbalance to trade. The daily chart is creating new supply and demand levels, therefore there is no trend, in a trend an opposing imbalances is eliminated, in this case, both supply and demand imbalances are being created Not touching this Forex cross pair.
Forex cross pair EURJPY is dropping on the weekly and creating new supply levels at 134.9 for potential shorts. It is quite a wide zone and they are usually penetrated deeper so expect a reaction but deeper into the level. In a downtrend supply imbalances are respected and demand zones and levels are removed. Short bias on EURJPY.
NetFlix #NFLX american stock is creating a brand new weekly demand level around 226.50. Previous weekly demand imbalances around 186 and 147 have played out nicely. Waiting for a retracement to this potential new imbalance to go long again. Long bias with brand new demand levels being created at all time highs scenarios.