This is an extremely strong Analysis for not just a Long Term Point of view but also a short term scale, let me explain.
Monthly/Weekly markets are both bullish. We can notice that price has reacted 3 times off a strong Weekly Imbalance. Price that makes 3 touches is considered a strong zone so now I would suggest we would have a final pullback off this zone before creating a new MSS in smaller time frames. We have market out the 50% level on the Fib to show our Discount zones before looking for any entry models.
So far on the Daily/4H we can see a large Bullish move but.. we are not sure whether this Bullish leg has actually just finished nor just started so we will have to wait and assess this Bullish Price action and adjust our Fib as the market move to work out our pull back points.
I have set up a strong Demand zone which does happen to be at our OTE right now but again this may change due to the Bullish movement not currently showing any sights of a pullback.
We only enter trade will the highest possibility's and currently this market is showing extremely strong signs of possible trade entry's but we still need to work out what those entries are.
Good luck to the traders that want to follow this market and would be interested in my entry model in this Market
Monthly/Weekly markets are both bullish. We can notice that price has reacted 3 times off a strong Weekly Imbalance. Price that makes 3 touches is considered a strong zone so now I would suggest we would have a final pullback off this zone before creating a new MSS in smaller time frames. We have market out the 50% level on the Fib to show our Discount zones before looking for any entry models.
So far on the Daily/4H we can see a large Bullish move but.. we are not sure whether this Bullish leg has actually just finished nor just started so we will have to wait and assess this Bullish Price action and adjust our Fib as the market move to work out our pull back points.
I have set up a strong Demand zone which does happen to be at our OTE right now but again this may change due to the Bullish movement not currently showing any sights of a pullback.
We only enter trade will the highest possibility's and currently this market is showing extremely strong signs of possible trade entry's but we still need to work out what those entries are.
Good luck to the traders that want to follow this market and would be interested in my entry model in this Market
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.