*disclaimer: Not financial advice. This is my personal trade plan only. I am not qualified or licensed to advise anyone on their specific positions or trades, I am sharing my personal opinions only. Never make financial decisions based on any information on this site or any associated platforms. Always consult a professional for investment related advice and do your due diligence*
Overview:
- We have arrived at supply… now, I am watching for a reversal structure.
- The LTF count suggests this corrective WXY is nearly complete. I will be watching for a reversal structure overnight
- Nearly at 6H supply
- Looking for one more push higher into 12H supply as $ES completes its corrective structure and $NQ nears supply.
Setups:
Developing Setup: 30m supply was busted, so it’s back to waiting for 2H supply
- Developing Setup: Reversal structure off the lows with 45m demand. I’m watching for a LTF reversal structure from here in order to get long. I will be looking to take profits and possibly flip short from 3H supply above at 1845.
- Developing Setup: If the indices squeeze a bit higher tomorrow, I will be watching $MA for a reversal from daily supply. The ideal scenario is a novice gap up into the zone.
- Developing Setup: Consider this setup a ‘bullish backup’. If the markets pullback in a corrective fashion and find some demand, I will be watching $AMD for longs. This reversal structure is coming from a key HTF location and 15m level on level demand has printed on the way up. For me to take this long, indices must prove the bear counts to be incorrect.