We have more clues on the Weekly timeframe.
Most recently, price broke out of a descending trendline and immediately rebalanced into a small Weekly Bisi (annotated by red arrow), which is usually indicative of rapid continuations to follow.
As a prediction, I see price digging into the Monthly Sibi and the nested Weekly Breaker Block and possibly Weekly Orderblock before a potential HTF reversal. The highlighted Weekly iFVG/Bisi would likely be used as support once price gets into that range.
Based on the current price action, bias, and high-impact news drivers coming out this week such as CPI, PPI, Consumer Price Index, Retail Sales and Unemployment Claims), we could see a potential low of the week on Monday/Tuesday/Wednesday.
Most recently, price broke out of a descending trendline and immediately rebalanced into a small Weekly Bisi (annotated by red arrow), which is usually indicative of rapid continuations to follow.
As a prediction, I see price digging into the Monthly Sibi and the nested Weekly Breaker Block and possibly Weekly Orderblock before a potential HTF reversal. The highlighted Weekly iFVG/Bisi would likely be used as support once price gets into that range.
Based on the current price action, bias, and high-impact news drivers coming out this week such as CPI, PPI, Consumer Price Index, Retail Sales and Unemployment Claims), we could see a potential low of the week on Monday/Tuesday/Wednesday.
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