daily: The price opens up on Monday failing to take out the previous day's high, so the price is trapped between Friday's price action,
4hr: price is still in the premium of the bullish trading range, I still favor price falling lower into 4hr or daily bullish order block and finding support there for longs
1hr: I would want to buy side liquidity taken preferably from the high of the Asian session high, and a shift lower tomorrow for possible counter-trend shorts
I will update this in the Pre Market of NY session to see how the current price action looks
4hr: price is still in the premium of the bullish trading range, I still favor price falling lower into 4hr or daily bullish order block and finding support there for longs
1hr: I would want to buy side liquidity taken preferably from the high of the Asian session high, and a shift lower tomorrow for possible counter-trend shorts
I will update this in the Pre Market of NY session to see how the current price action looks
Note
I would have liked to see the pull back however CPI news cam out bad putting the market in a risk on environment and NQ rallied higher taking out the buy side liquidity before the deep pull back
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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.