Market Analysis and Trading Strategies

So we had a big CPI move on the 30 minute time frame now obviously I can

draw a resistance zone all the

way from over here but no I'm going to look at the 15 minute time frame. Why?

Because whenever we have a big

volume move it's always important to look at the smaller time frames

to see where the market structure is.

So the first thing is first that I want

to do is I want to see that okay what sort of a structure are we forming.

If this is the zone we have this is where we may start to consolidate.

Now this becomes our resistance, this becomes our support if

the candle closes over here.

If we close over here and if a candle breaks and

closes below this area now we know there's a possibility for price to push down.

The number one thing you don't want to do after a big move like this is

to just blindly take sells because we don't know whether price will continue

to push up or we don't know whether price will continue to push down.

So if you want price to push down...

down, you need

a confirmation like this for price to push down.

If you want price to push up, you need a

confirmation right over here for price to push up. That is the key.

So you just have to wait for structure even after a big move.

If you've missed it,

close your laptop, come back the next day.