The price is consolidating in a higher timeframe inefficiency following the election expansion, which makes market conditions more difficult than usual.
Last week, the price consolidated (time distortion), so this week I would expect an upward expansion towards the weekly target.
Just above the short-term target, there is a bearish propulsion block on the higher time frame. Depending on the reaction in this area, we will see if the weekly target is reached.
This week we have NFP, Powell, and unemployment claims, so I expect volatility.
Last week, the price consolidated (time distortion), so this week I would expect an upward expansion towards the weekly target.
Just above the short-term target, there is a bearish propulsion block on the higher time frame. Depending on the reaction in this area, we will see if the weekly target is reached.
This week we have NFP, Powell, and unemployment claims, so I expect volatility.
Trade ativo
Short term .target reached. Lets see how price reacts to this area.Nota
Price closes above 50% bearish propultion,and uses it as support. I'm looking for a weekly target to be hit on Wednesday or Thursday.The price should not close below 20,960 to hit the weekly target.
Trade fechado: objetivo atingido
Weekly target reached. Lets see what NFP delivers
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.