Nasdaq was trading in a descending wedge which is illustrated with the green tread lines. We broke out wedge with a retest at 1384.10 creating a bullish order block in it's reaction to the upside, leaving an untested imbalance and bullish order block at 14030.40(Buy limit order) Potential resistance at 14724.20 beware of potential break of of structure. My main...
With the trend we are bullish ascending channel and on the daily timeframe we are bullish and we broke above a descending channel, with a retest, we may confirm bullish next week (new weekly candle) Filled in a weekly imbalance @ 2188.8 and bullish order block. We have a new bullish imbalance coming in @2809.90(Buy limit order) Strong resistance areas @3458.50 ...
We are still long on XAUUSD. After the exhaustion, we are shifting back into a Bullish structure. 1772.00 - 1718.00 held price up and we are strong bullish on the weekly. On the Monthly we are arriving at a juncture, we may see a pull back soon, 1846.00 - 1899.00 area should be noted.
Dow jones needs some filling before it may continue trading higher, the extent of the short is unclear but these 3 levels may be the turning point in price. I see this panning out in few weeks to come. Hopefully by the start of the second quarter