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CL is an excellent example of wave analysis while maintaining an upward trend. We sustained a solid upward trend over a period before the scenario became interesting. Here, we saw a structure break to the downside, which turned out to be a two-legged pullback or correction into an untested zone. This attracted more buyers, and the upward trend has now resumed. The...

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NYSE:ES is currently stronger than NQ, consistently making higher highs and higher lows. Typically, after each high and low, ES retraces within that range, finds more buyers, and continues the trend. At present, we haven't retested the previous higher high at 5257, so I'm not interested in longs until we have a defined retest of the prior higher high, or zones...

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The SEED_ALEXDRAYM_SHORTINTEREST2:NQ 4H is currently in a range, marked by a shifting structure to the downside. Despite attempts to regain momentum, buyers have been unsuccessful, as demonstrated by the annotated sweep on the chart. We are now in a holding pattern, waiting for a direction to be chosen. While the overall trend remains bullish, we are in a...

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Ideally we would like to see a two-legged correction into a level of demand for continuation of NQ.

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Using the Wyckoff cycle, NQ could be indicating it's ready for a markdown phase.

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ES has reached it's measured move target from the 2022 low, but can there be more beyond this? ES is consolidating within a triangle getting ready for another move, just in time for FOMC.

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We see NQ forming a descending triangle into a key demand zone of 18165-18075 along with a key support zone of 18100-18060 that's been holding for some time now. With FOMC tomorrow, this will be a key zone, along with the descending pattern. Below 18060 puts targets below into play. Break above the descending triangle puts ATH back into pay.

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Three weeks prior, the market completed a bullish leg measured move. This pattern is significant as markets often exhibit a tendency to move in pairs, a phenomenon observable across all time frames. This behavior is rooted in the psychological aspects of market dynamics, wherein the market tends to repeat actions twice. This concept is underscored by market...

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NQ has broken its structure to the downside, disrupting the bullish pattern that had been ongoing for a while. I am looking for an hourly two-legged pullback to the ~70% retracement zone before making a new low, since the price has broken above a prior lower high. This suggests that buyers want to see higher prices before we possibly make a lower low. There is...

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#NQ_F two-legged pullback (an abc correction leg) has been completed. Bouncing off of the 70% retracement + 4H FVG from the beginning of this month. If a HL were to be formed, I believe 17450 is it. Larger time frame second entry long at play.

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Price action rules suggest that once a trend line is broke, we tend to make a new extreme before the reversal. As we can see here, price has broke, made a new high, and is not stagnant. Just as horizontal break and retests are a thing for support/resistance, angular break and retests occur on trend lines as well. It'll be interesting to see.

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The principle of supply and demand trading involves identifying a counter-trend candle that precedes a sequence of three consecutive candles exhibiting strong bullish or bearish momentum. This specific candle is designated as the supply or demand level. The underlying theory posits that when the price retraces to the region where demand previously triggered a...

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The NQ 1-hour chart depicts a clear trading range between the key resistance at 16,085 and the current key support at 15,940, with a prevailing bullish sentiment within this range. Below the key support, a previously tested demand zone ranging from 15,930 to 15,890 exists. Shorting into this demand zone carries high risk, requiring a loss of the key support level...

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A potential bull flag is emerging on the NQ 4-hour chart, with the 15945 level acting as critical support. As the market experiences a period of consolidation, we observe a gradual descent towards this support zone. This consolidation phase, following a prolonged bull run, raises questions about the market's next move: will the bull flag lead to another upward...

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When evaluating whether to take a short or long position, it's crucial to observe current trends. For example, the NQ 4-hour chart maintains its uptrend as it hasn't broken any higher lows. This was evident during a live chat I observed today, where some traders were initiating short positions anticipating a "flush." However, their rationale wasn't clear....

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Overview NQ seems to be operating within a descending triangle pattern at the moment. This formation doesn't necessarily indicate a bullish or bearish trend, but a breakout in either direction could provide significant insights. In addition to the descending triangle, it's evident that we're currently ranging between two crucial levels: 16000, which acts as a...

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Overview ES is currently trading within a range from 4541 to 4508. Should the levels of 4500-4508 remain supportive, the next upward target is the supply zone around 4555. If it falls below 4500, a noteworthy area is approximately at 4485. Further down, there's a significant break and retest zone at around 4430. Key Levels Range: 4508-4541 Supply: 4555 Area of...

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ES experienced a remarkable surge in the past week. However, we've returned to the crucial breakout and retest range of 4400-4430. For the rally to persist, it would be ideal for ES to have a moderate retracement and maintain demand in the vicinity of 4325-4340. While the price might continue its upward trajectory without a pullback, a measured retracement would...