11 Tweets 20 reads Jun 14, 2023
Indices Study Journal Entry πŸ‘πŸ§΅
Anticipating a Weekly MMSM forming on $NQ
TIME:
New Quarter
New Month
Contract Switch
Anchored IPDA Data Ranges
Price:
HTF Liquidity
HTF Premium Arrays
Swing Projection
Seasonal Tendency
COT
Open Interest
What are the probabilities we continue seeking buyside after Q1 and Q2?
After completing the current monthly candle, we'll have to pay close attention to the Judas Swing for July.
We just had a contract switch. The effects of the latter and its rollover will be felt this week.
Time is very hard to anticipate. Personally I am looking at these two options:
1) June Week 4 Retracement [monthly top wick]
2) July Week 1 Judas [monthly bottom wick]
Orderflow has been solid, the contract switch gap is prime "trading through candles" material.
We have been drawn towards the Weekly Relative Equal Highs for some Time now.
Premium Arrays?
Currently delivering a Bearish Weekly Breaker, and we are approaching a Monthly SIBI.
Swing Projections? 2.5!
@TraderDext3r helped me realize the power of these (ty🀝)
Have you wanted to go one step further? Want even more confirmation?
Core Content Month 5 & 10 to the rescue:
The Seasonal Tendency has given me the alarm for this whole hypothesis.
We are front-running the rise in price that we see seasonally.
I have studied these a lot, usually this means that we will be deviating again later in the year in the opposite direction.
COT and Open Interest give us a few hints on what could be currently happening in the short term, and clarifies what to expect to confirm this hypothesis.
SM has been slowly making their position net short. The Open Interest has been below average, but rising nevertheless.
There is a point to be made about Geopolitical Sentiment and World Events.
Warren Buffett selling his shares in the Taiwan Semiconductor Manufacturing Group, Digital Dollar being hinted at, CBDC, and the US Elections in November.
If They decide to crash this plane we are going much lower than this MMSM.
I have a deep feeling the narrative is:
1) World Event -> Financial Panic
2) Chinese Yuan != Reserve Currency (not worth it for China)
3) CBDC
4) New President "the Saviour of the economy"
5) Bull Cycle
I hope this helps someone out there, this is how I am currently developing and studying @I_Am_The_ICT's teachings.
All credit goes to him, eternally grateful.
I am not a consistent trader, yet. Just watch.
Psyche. Self positive talk.
I am wrong? I learn.
I am right? I learn.
A meaningful bonus on where indices sit:
See Meaningful Things? πŸ˜‰

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