Just a recap of last weeks analysis
it played out how it was supposed to
We induced back up to the 1H OB of the BOS leg then headed back down.
I didn't think we would take out the lows.
I guessed that we were going to hit an area highlighted in red and then push upward
my thoughts were based on the fact that we already took February's lows early,
but I do now realize seasonal data supports that we will usually go bullish after CPI & PPI after the 15th of march.
so, I'll be anticipating that and expecting to see SMT between CPI and PPI day before pushing up till around mid-April at least.
We induced back up to the 1H OB of the BOS leg then headed back down.
I didn't think we would take out the lows.
I guessed that we were going to hit an area highlighted in red and then push upward
my thoughts were based on the fact that we already took February's lows early,
but I do now realize seasonal data supports that we will usually go bullish after CPI & PPI after the 15th of march.
so, I'll be anticipating that and expecting to see SMT between CPI and PPI day before pushing up till around mid-April at least.
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