MNQH Continued Bullish Run
On Friday price made a nice Bullish run that took out the PDH from the previous two days and price closed above the D LV and D SIBI. Currently we have price wicking off the D LV and has traded higher cutting through the MT level of the -OB. If price can stay above that MT level then I can see price going higher and taking out the PDH from Fri Jan 17 2025 at 21680.00 and then eventually target the PDHs from January 6th and 7th.
So lets continue to watch and see if price has truly switched to being Bullish after taking SSL, and finding support off the D BISI CE level.
So lets continue to watch and see if price has truly switched to being Bullish after taking SSL, and finding support off the D BISI CE level.
עסקה פעילה
Quick update price has taken the first area of interest out which was the PDH from Fri Jan 17 2025 at 08:56 Now lets continue to watch and see does price have the potential to go higher?הערה
21781.00 new Premium Area of interest...הערה
Bias is still Bullish for January 21st 2025 with the draw being the PDH levels from Mon and Tue at 21806.25 and 21897.00 So far the PDH from Friday which was the main target for yesterday was taken out so I expect price to continue its Bullish Rally. הערה
Looks like the 21806.25 and 21897.00 Premium targets were taken out beautifully with the rally higher and now we have price wick just below the 22111.00 and closed inside the smaller D SIBI but above the 50% CE level of the bigger SIBI.
Going forward price has left a significant price imbalance in discount with a range of 90.50 handles. My Bias will remain Bullish with expectation on price to trade higher and disrupt the BSL resting at 22111.00 After that price could possibly retrace lower since its been a very Bullish Week and trade into the Price Imbalance that I was speaking of earlier.
I will also kill this trade idea once I see some sort of sign of price reversing to target Discount SSL on the Daily chart but so far there are a couple of Premium targets I would like to see price disrupt before the Bearish Bias is placed.
Wish all of you Prosperity & Peace...
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