*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*
Another day of brutally slow price action with very few changes… But don’t worry, tomorrow will almost certainly be more exciting. Preliminary GDP numbers as well as unemployment numbers will be released an hour ahead of tomorrow’s cash open. Tomorrow is also day one of the Jackson Hole Symposium. Be on the lookout for a volatile end to the week!
- No changes
- No changes
- It’s a bit tough to say whether or not w(4) is complete yet. Price formed a bearish structure into the close, but both $NQ and $ES failed to break yesterday’s high. I expect to see price head lower initially, with the potential to bounce into supply from the 1.0-1.272 fib zones. If price opens tomorrow at or near 10m supply I will be looking for short opportunities to new weekly lows.
- Unchanged
- $BTC found its way into hourly supply today. I am on watch for a reversal structure from here to setup a short opportunity to 20,500.
- $SE, $SHOP, $CRWD and $GOOG are all on watch for swing opportunities when the indices eventually get the corrective move to 4H supply. Take note of these charts as they will probably be important in the coming weeks.