• Seasonality PRE ELECTION YEARS AUG 7th-12th (Avg return +.35% )
• SMC
Long term market structure: Bullish
Short Term market structure: Bearish
Bullish order block: $40.43
*Posted this last night but just realized it was created under privet*
Bearish order block: $42.57 and $42.33
Breaker Block (Strong High): $41.92
BULLISH CHOCH: $45.70
BEARISH CHOCH :$41.04
IDM SWEEP @ $42.13
• Elliot wave: ABC ZIGZAG (Currently in a 5 wave move to the downside to complete C)
Beware call volumes for $44 $43 $42 are extremely high
Summary: Bears have taken over at the momment we had a-lot selling pressure last week so i wouldnt be surprised if we see a relief rally today or later this week. If we gap above the breaker block we could see price reach $42.93. If we dont gap above i believe we will see price drop to around $40.5 or $39.9.
Good luck god bless
• SMC
Long term market structure: Bullish
Short Term market structure: Bearish
Bullish order block: $40.43
*Posted this last night but just realized it was created under privet*
Bearish order block: $42.57 and $42.33
Breaker Block (Strong High): $41.92
BULLISH CHOCH: $45.70
BEARISH CHOCH :$41.04
IDM SWEEP @ $42.13
• Elliot wave: ABC ZIGZAG (Currently in a 5 wave move to the downside to complete C)
Beware call volumes for $44 $43 $42 are extremely high
Summary: Bears have taken over at the momment we had a-lot selling pressure last week so i wouldnt be surprised if we see a relief rally today or later this week. If we gap above the breaker block we could see price reach $42.93. If we dont gap above i believe we will see price drop to around $40.5 or $39.9.
Good luck god bless
Comment:
C wave hit