Looking for rebalance of price if price respects weekly resistance.
Broke trend on the weekly chart and now currently filling daily imbalances to the upside.
I am looking for lower prices by the end of may and mid june. for Q3 to be bearish.
Macros news: Inflation Concerns: Inflation rates have been a major focus globally. Central banks in various countries are closely monitoring inflation data and adjusting monetary policies accordingly. Rising inflation can affect consumer purchasing power, interest rates, and investment decisions. Supply Chain Disruptions: The pandemic-induced supply chain disruptions continue to affect economies worldwide. Shortages of raw materials, semiconductors, and other essential goods impact production and lead to higher prices. Energy Prices: The surge in energy prices, including oil and natural gas, has implications for both consumers and businesses. Geopolitical tensions and supply constraints contribute to volatility in energy markets. Currency Movements: Exchange rates fluctuate due to economic conditions, interest rate differentials, and geopolitical events. A stronger currency can impact exports, while a weaker currency may boost tourism and certain industries. Geopolitical Risks: Tensions between countries, trade disputes, and geopolitical events (such as conflicts or sanctions) can create uncertainty in financial markets. Investors closely watch developments in regions like the Middle East, Asia, and Europe. Central Bank Policies: The actions of central banks, such as the U.S. Federal Reserve, the European Central Bank, and the Bank of Japan, significantly influence global markets. Interest rate decisions and quantitative easing programs impact investor sentiment.
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