Fractal
SPX Daily bounce underway?Price abruptly started weekly consolidation after failing the bull flag.
I expect the price to continue bouncing until we find a daily lower high.
For the bounce to start, surpassing the previous day high at 5,487 is a must.
Can we hold the last week low at 5,386? otherwise weekly consolidation will continue.
US30 9/10/24💹Indices:
👁️ Outlook
Daly Bias: Bullish
Tokyo: Consolidation
London: Manipulation/Distribution taking out Tokyo Lows
New York: Manipulation into Accumulation/Continuation into the upside
Of course bias can still change since we have the privilege to see what London did before NY session.
Bitcoin's price action is strikingly similar to Gold'sBitcoin is following the same price path from the 2021 cycle peak to present to Gold's price action from the 2011 cycle peak to present. When you factor in that Bitcoin trades 24 hours/day and 7 days/week it makes sense that the timelines would be compressed. I'll be following this fractal to help guide me on possible short term Bitcoin price action. I believe there's a case that Bitcoin will revisit the 42K area in the short term, but have a strong reaction off those lows to reclaim the $50k range.
Shifted bearishFrom the bullish market price mitigated the 4h order block at 0.84736 and reduced to provide us with displacement. The shift engineered a flip to supply zone for a bearish distribution. With the two break of structures in hand, this data tells us that we have a strong bearish market. Looking for a hike to sweep the liquidity and mitigate the rejection block for a clean bearish entry at 0.83955, with stop loss at 0.84355 and our target at 0.82155…
NAS100 9/9/24💹 Indices:
👁️ Outlook
We are currently inside the Daily range.
Tokyo session we accumulated
London Session we accumulated into distribution.
New York: I am am expecting price to manipulated and take out some London highs before our distribution down lower where I would look to enter.
Keeping an eye on this. 👁️
XAUUSD Outlook💹 Commodities:
👁️ Outlook
Long Term time frame (5hr): Gold is currently inside this 5hr range. We failed to break into higher prices last Friday NY session and took out Thursdays low. I believe we will be seeing lower prices from Gold down to 2470.850.
Intermediate time frame (30m): I would personally look for shorts on Monday London or NY if I was trading Gold.
Price is just not convincing and we have big money coming in on the other side. I am Bearish on Gold until it shows strength to the upside again.
Keeping an eye on this. 👁️
SPX500 Outlook💹 Indices:
👁️ Outlook
Long Term time frame (5hr): We have been breaking bearish on the 5hr and showing strength to the downside.
Long Term (5hr): Price however is over extended and needs to build liquidity over the week.
Intermediate frame (30m): This is what I am expecting for the sessions to look like by the time its NY session.
I believe we could be seeing longs for the start of the week on Indices to build that liquidity. I will be looking for longs Monday NY session depending how price looks at 8:30am EST.
Keeping an eye on this. 👁️
NAS100 Outlook 💹 Indices:
👁️ Outlook
Long Term time frame (5hr): We have been breaking bearish on the 5hr and showing strength to the downside.
Long Term (5hr): Price however is over extended and needs to build liquidity over the week.
Intermediate frame (30m): This is what I am expecting for the sessions to look like by the time its NY session.
I believe we could be seeing longs for the start of the week on Indices to build that liquidity. I will be looking for longs Monday NY session depending how price looks at 8:30am EST.
Keeping an eye on this. 👁️