NFP Week Nasdaq Top Down Analysis 🧵
Thesis: Bullish
⇢ Draw on Liquidity
⇢ Multi time frame analysis
Thesis: Bullish
⇢ Draw on Liquidity
⇢ Multi time frame analysis
1. Candle Body Closures
1.1 Above weekly Change in state of delivery [+]
1.2 Above Consequent Encroachment of Weekly BISI [+]
2. Smart Money Technique/Divergence [+]
3. Above Mean Threshold of Weekly Bullish Breaker [+]
1.1 Above weekly Change in state of delivery [+]
1.2 Above Consequent Encroachment of Weekly BISI [+]
2. Smart Money Technique/Divergence [+]
3. Above Mean Threshold of Weekly Bullish Breaker [+]
![1. Candle Body Closures
1.1 Above weekly Change in state of delivery [+]
1.2 Above Consequent Enc...](https://pbs.twimg.com/media/GPBBp0GXEAECoTP.jpg)
Daily Time Frame
1. Candle Body Closures
1.1 Above Previous Day Low
1.2 Above Consequent Encroachment of Daily BISI [+]
2. Sweep of External Range Lows with SMT
3. Confirmation offered upon inversion of Daily SIBI [-]
1. Candle Body Closures
1.1 Above Previous Day Low
1.2 Above Consequent Encroachment of Daily BISI [+]
2. Sweep of External Range Lows with SMT
3. Confirmation offered upon inversion of Daily SIBI [-]
H4 Time Frame + Consideration of ES
Protocol: Market Maker Buy Model
ES appears stronger for two reasons:
1. Closure above PWL
2. Inversion of Daily SIBI on Friday May 31, 2024
Protocol: Market Maker Buy Model
ES appears stronger for two reasons:
1. Closure above PWL
2. Inversion of Daily SIBI on Friday May 31, 2024
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