Hello traders!
NQ has broken through Friday's high and almost hit the daily wick CE. We also have continuous bullish candles on the daily which would form a complete order block. We also have a 12h gap inside the daily order block which the market has tapped into. I'm expecting an extremely bearish week with draws to 24239.75, 23904.50, and a daily fvg at 23600.
We also have NFP this week which has been delayed as it was originally supposed to come out on Friday itself. It's a red folder packed week and I suggest super caution around those times. We also have CPI on Friday which was supposed to be released on Wednesday of this week. When the calendar is messed with, it becomes obvious that manipulation will be at its peak.
We also have SMT divergence on the daily chart. That is just a bonus and not the base of this bearish idea. The foundation of this whole idea is based on where the market is heading, where the liquidity is resting.
Have a good trading week,
Satya.
P.S. Not financial advice.
NQ has broken through Friday's high and almost hit the daily wick CE. We also have continuous bullish candles on the daily which would form a complete order block. We also have a 12h gap inside the daily order block which the market has tapped into. I'm expecting an extremely bearish week with draws to 24239.75, 23904.50, and a daily fvg at 23600.
We also have NFP this week which has been delayed as it was originally supposed to come out on Friday itself. It's a red folder packed week and I suggest super caution around those times. We also have CPI on Friday which was supposed to be released on Wednesday of this week. When the calendar is messed with, it becomes obvious that manipulation will be at its peak.
We also have SMT divergence on the daily chart. That is just a bonus and not the base of this bearish idea. The foundation of this whole idea is based on where the market is heading, where the liquidity is resting.
Have a good trading week,
Satya.
P.S. Not financial advice.
Trade active
Satya P Sahai
Disclaimer
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Satya P Sahai
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.