Monday has just shown its hand to me on what the week will bring. This week will be a bullish expansion candle. Whether or not it will be a small, medium or large is still up in the air. The average weekly candle's range is 900 ticks.
I believe that Monday is the low and will be bullish all week.
This pattern right here on a Monday is the textbook play of a bullish week. Price bounces around under the weekly open price and towards the end of the day blasts higher.
Tuesday will then continue higher
Here is a weekly template with the Monday pattern
I believe that Monday is the low and will be bullish all week.
This pattern right here on a Monday is the textbook play of a bullish week. Price bounces around under the weekly open price and towards the end of the day blasts higher.
Tuesday will then continue higher
Here is a weekly template with the Monday pattern
Note
Should pullback and find support at the box and at the weekly open price. IF Monday is the low of the week then price shall not go below that level. Looking for a bullish pullback Today in the NY session. I will let price play out all night.Transaction en cours
Triggered in trade now at 39,17030 point stop
150 point target
5:1
Trade fermée: ordre d’arrêt atteint
Stopped out unfortunately
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.