More consolidation through the night. Leg down is anticipated later. This anticipated move to the downside can be only local low with reversal move to the upside and new high of the day. That is why this scenario is considered only as a short-term.
There is a possibility to see decline first => leg up to make the high of the day => corrective decline and possibly consolidation.
1m TF observing the setup forming for long => target new high of the day. NQ is also with the same BIAS.
The target for the long is reached. Watching for the signs of the reversal => target new lows of the day.
That is short term scenario for ES. I anticipate some corrective retracement before the leg up into the high of the day. Later the day I anticipate the move downside and consolidation afterwards
Possible scenario for the ES and NQ micro short. Anticipating the corrective upside retracment and another leg down afterwards
Possible scenarious for stocks. 1m TF very short term perspective. Small upside => drop to the new daily lows => reversal to the upside on the news.
Observing the development of price structure within bullish BIAS. Some correction is anticipated before the continuation during PMS.
Anticipating more upside. Long setup framed on 1min TF. Ultimate target is at 4823.75
Target for price - old lows and 1.27, 1.618 Fibo extension. As market develops it is better to look for retracement down into the wednesday -thursday. With clear structure at local new top - possible to for short-term downside move Basic - Rise into A of (C) of ((2)) ALT - Rise into C of (C) of ((2))
It is possible decline ahead. Basic - impulsive decline ALT - just wave c to the downside. First target 1935-
It is possible setup is forming in GOLD for a short position. Under the Basic scenario, there was wave 4 (flat shape). There is a first impulse to the upside has been finished, not the corrective decline in the process. As usual fibo levels are used for the possible end of the correction (50%-61.8%). The Alternative scenario has the same direction from the...
Basic scenario - there was WXZ combination in wave A of (4) OR even the complete wave (4). In this case, there should be an impulsive rise at least at 15 min time frame as a confirmation for this wave A of (4) or (4) to be completed. After that confirmation, it will be possible to look for the entry point for a long. Alternative - we have seen the BIG top and...
There was a substantial decline, though It looks like there is at least intermediate bottom is in place. Basic - there were a lot of overlaps, the only way I see to mark that as a motive wave is to label it as a diagonal. But there are threes inside. This supposes at least some rise ahead. ALT there was some WXY decline. So there is a substantial rise ahead above...
Basic - there is wave Z (cycle dimension) down ahead. There was possible 1-2 sequence. Alt - there is wave C of (2) ahead. Both scenarios consider decline.
Basic - there is a triangle in (iv) of 1 => possible move down in (v) after the current triangle is finished => wave e is underway Alt - triangle in ((b)) of 2 => move upside in ((c)) of 2 after the triangle is finished => wave (d) is underway
Basic - decline in the wave ii ALT - decline in wave v of (c) of ((z)) of 4 to the new lows. The shape of the possible wave ii is not clear, that can develop even into a triangle or some sort of a combination. Nevertheless, there is a downside potential under both counts.
It is possible wave b in the shape of the triangle. Only E left to finish the pattern. Basic scenario - decline in c of (ii)) after. Alt - some series of 1-2 before decline to the new low, in wave 4,