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Hi all, I was off trading this week and will be off next week too.
I may start recording educational videos when I'll be back, stay tuned you will love what's coming next 🙂
Morning all,
Be aware that the usual trap pattern I use on the Dax can work in every time.
Here we can expect a major sellers trap from the Daily looking at the confuences.
Dow jones : same analysis but the Dow is at the confluence zone already.
It may be the reason why we saw a big volume upper wick on the M5 on a lot of indices: massive sellers induction
If you want to better understand what could happen, we had a similar on Nov the 4th 2020...
Good morning!
Is today's drop a surprise for us? No.
I circled the "confluence point" yesterday (that was hit perfectly before the drop) and told you that we would get a final sellers induction by showing you what happened on Nov the 4th 2020.
Dow Jones is trapping sellers obviously, NY open could give final induction move
Not even a final selling induction move... the real market analysis from the past 10 minutes is institutions saying: "goodbye sellers, we need your money to have a nice weekend"
Beautiful sellers trap over on the Dow, all the liquidity along the trendline has been hit.
Did you try to reproduce the friday's dow buy trade?
Because it just happened again, the exact same stuff...
Dow : I sold the trendline break, same setup as usual
Who can trust this trendline retest? Look at the buying power fom the bottom, how would the price block at this trend line?
Dax : nothing very obvious yet, but we had a 15000 retest that provides a buying reaction.
I can see several traps forming, here is an interesting one. I don't know how deep the selling will go yet, don't pay too much attention to the orange scenario levels.
Dax update in previous screenshot's comments
DAX Midday-Trend Algo: September 2021 results -75points – Trading revealed
http://www.trading-revealed.com/site-news/dax-midday-trend-algo-september-2021-results-75points/
Analysis of a sell trade on EURAUD I took on Friday, before the NFP. As often, the news release completed the pattern perfectly. It's not random, news release are perfect excuses to throw bigger moves to hit liquidity zones.
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Good morning,
Even if the indices tried to induce/trap sellers in the last 30 days, remember the real target for the smart money.
As expected, GBPNZD made the first quick move to grab liquidity. 1.96000 to 1.94000 easily.
My target is still 1.92000 but this is a long term trade, we may see another retracement to induce some others buyers before it.