Weekly Recap: We spent the first half of the week continuing our slide into a key weekly and monthly support cluster between 3950 and 3980 before faking a breakdown under 2/24's lows before smashing through the previous week's highs. Each daily high provided more fuel as shorts stops got eaten and breakout traders jumped in, bidding each other up in another fomo...
ICT smart money concepts.
If uppies into open
-Watch Recent Equal Highs for buyside liquidity raid/stop hunt, then potential reversal back through the range's .23 fib and Bear Market 50% fib retest as support.
-Treat 50% fib like a vol trigger. A move away on volume should see followthrough to the next fib level up/down minimum.
-Watch break of structure:...
Looking for bid up into 4170-80 range from London open through NY Killzone. Derisk long here / add hedges
On a 4145-50 support confirmation I'll consider adding longs.
Looking for accumulation through 4180 pivot, then derisking at 4200 and cutting all longs at 4240-50 and starting to tranche aggressively into more shorts for a flush.
Bulls in control over...
