Price has moved for ERL(ATH) to IRL(Weekly Bullish OB) which created a MSS on the weekly time frame. Price has retraced nicely off of the Weekly OB and is now entering premium of the current dealing range on the daily - This week we will not trade on Monday as there is no news and will be expecting accumulation. - If market sentiment has truly shifted I am...
After last weeks run of a significant swing high of 4631 (observable on ES1!) and in instant reversal, and market structure shift, this market shows evidence that suggest more downside may be in store for this week. Friday's rally was halted suddenly at the 1h bearish order block, where we observed another shift on lower time frames. The set up is clear as current...