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@ Inner Circle Nostrich 🔮
2024-11-18 18:06:30
### Spot Over BTX2024
### Open Interest:
There are no significant changes in OI as we have moved to premium.
### Institutional Order Flow Sponsorship:
The IOF is bullish above the all-time high. The structure must be maintained away from the high to continue the trend.
### Weekly Profile:
The week presents relevant news on Tuesday and Thursday. It is likely that we will see some bearish manipulation until Tuesday or Wednesday, and then move to premium if the IOF remains bullish.
### Classic Technical Analysis:
We have consolidated a new ATH but have had a week of retracement towards the equilibrium of the last bullish swing. We must maintain these levels to remain bullish.
https://image.nostr.build/70fe786e500780819ce09425ec4c2e916e7010f1feaa333f52e3d91ffa29f071.png
### Market Structure:
The structure is bullish.
### Trading Range:
66798 to 93483. Currently in Premium.
##### PD Array Matrix:
Premium:
- ATH 93483
Discount:
- FVG D 85121
- FVG D 80280
- FVG D 74479
- OB+D 72727
Equilibrium:
- 80141
### Key Price Levels:
- OB+D 72727. I do not expect closes below this structure and its MT at 70273 to remain bullish.
https://image.nostr.build/98b448aa561465b4dcaecf340073d86ff7008a0b1d30437b21f7e26e71213bdc.png
### Daily BIAS:
Bullish.
### Daily Target:
- Retracement to 80280 to take liquidity and reach a swing equilibrium, and then maintain premium. If the high is clearly taken, the structure may be invalidated to pursue the weekly and monthly bullish target.
*Learning to accept and deal with the inherent risk of trading is what separates the consistent winners from everyone else.*