11/28/23 US30 Daily Outlook
#US30 #DailyOutlook
No trade today! Too choppy for my liking and the price is just ranging to with entries that don't meet my requirements. We took out a PDL and tapped a PWH and made a PDH. We took liquidity from both the long (BSL) and the short side (SSL). Our closest HTF POI is the W-RB/D-OB and we're in the wicks but we haven't tapped into the body yet so, still think that this will be our POI to consider. The over night sessions were probably the cleanest but the entire NY session was choppy.
This will be our biggest news release, however, we do have a few #FOMC speakers but not Powell. We also have Richmond Manufacturing Index numbers #RMI and the S&P/CS Composite-20 HPI y/y at 9:00am.
10:00am
USD
CB #ConsumerConfidence
101.0 102.6
#BullishCase: The bullish case is the LTF BSL($) that is above us and a move into the following: WOP, price completely through the PWH, the PDH from 11/26, and into the W-RB/D-OB.
#BearishCase: The bearish case is PDH and back into the 1H+OB from 11/22 (Do you see it?). If we trade through this swing low with impulse, then I will aim for the PDLs from Thursday and Friday and then into the D-OB(L).
1H chart
4H chart
D chart
#US30 #DailyOutlook
No trade today! Too choppy for my liking and the price is just ranging to with entries that don't meet my requirements. We took out a PDL and tapped a PWH and made a PDH. We took liquidity from both the long (BSL) and the short side (SSL). Our closest HTF POI is the W-RB/D-OB and we're in the wicks but we haven't tapped into the body yet so, still think that this will be our POI to consider. The over night sessions were probably the cleanest but the entire NY session was choppy.
This will be our biggest news release, however, we do have a few #FOMC speakers but not Powell. We also have Richmond Manufacturing Index numbers #RMI and the S&P/CS Composite-20 HPI y/y at 9:00am.
10:00am
USD
CB #ConsumerConfidence
101.0 102.6
#BullishCase: The bullish case is the LTF BSL($) that is above us and a move into the following: WOP, price completely through the PWH, the PDH from 11/26, and into the W-RB/D-OB.
#BearishCase: The bearish case is PDH and back into the 1H+OB from 11/22 (Do you see it?). If we trade through this swing low with impulse, then I will aim for the PDLs from Thursday and Friday and then into the D-OB(L).
1H chart
4H chart
D chart
