Price Action Review | 07/21/25

All

righty, guys. Going to be going over

Monday's PA here. So, looking at the

weekly chart, what could we even

anticipate, you know, for the week ahead

of us? They can give us ideas. You can

set validations from it. So, looking at

the previous close or the last couple of

weeks, we come off this expansion, we

consolidate. Why is this a consolidation

to me or retracement? Well, we did form

an SMT here, which is the cause for a,

you know, retracing back of the range.

But this is very telling that this is a

continuous signature because look at the

candle

here. The weakest asset. Look at the

candle. Very very smallbodied. If this

is going to be true reversal, I want to

see expansion away. This is not

expansion, right? This is consolidation,

right? It's it's staying inside of this

candle's range. So, this would be

expansion consolidation. Right? Now we

have a gap resting below that

consolidation low simply right. So when

this asset trace into the gap it creates

SMT with it and we even see this asset

we see a two-stage SMT here.

Right? So INQ showing significant

strength where ES is create just running

out this um previous week's low and we

have that gap right there and we expand

because we have that small wick on the

weekly time frame, right? So, um, it was

very nice last week with the longs and

whatnot, but with this closure, this is

also one-sided. So, we're paying

attention here to the closes on all time

frames. So, clearly on the weakest

asset, we have a bullish close. That's

really good to see, right? Even the

weakest asset is closing. We're showing

some willingness to trade away. And we

also have the strongest asset failing to

manipulate this high. So if you have a

failure to manipulate, you know, on this

high, then this SMT that we're seeing

here is not so relevant, right? We know

that if you watch my SMT video. So what

we would be targeting is these unytrical

highs here, right? Which is something

we'll talk about later on. Now let's

drop on to the daily chart. What could

we potentially form the low of the week

from?

Right? If I play this candle, we could

have, you know, potentially frame the

load week from this gap. We we could

have anticipated Monday to open low

first and that's always ideal, but we're

going to go ahead and show you why that

gets rolled out um just by the overnight

session because we can have an idea,

right? That's a very logical idea to for

price to open low first into that gap.

That's cool. That's really logical. But

this is why intraday profiling is is

very important because we can flip our

narrative, right? We're already bullish.

Yeah. But um we can trade this Monday

because of the overnight session. So

let's drop lower. So why can we trade

this long in the overnight session? So

if you look here, clearly this ass is

the weakest because Damir trades into

the EQ of the previous week's range and

or not really. This is Friday actually.

So Friday actually retraced, right?

Okay, so if you see Friday retrace into

this gap,

that's another thing that could happen.

I mean, if Friday retraced, then maybe

Monday can expand, right? So, we're

going to show you why it did that. So,

if you look here, these assets are

actually respecting this gap while YM

took out the gap low as you see,

creating an SMT there. Now, this is not

confirmed. you know, if I'm coming into

Monday or something like that, I don't

know if this is going to hold, right?

Because we haven't really expanded away

or nothing like that. But we do expand

away.

So, if you look for the daily open,

what does price do? Here is 1,800 low

and we expand away from the opening

price. You see that expansion away from

the opening price? Now, if this is going

to be the low of the week or or sorry,

the day, this is going to be the low

day. Then, what does this gap have to

do? It has to hold, right? This guy has

to hold. So if you look at the what was

the strongest asset, remember in Q is

the strongest asset. YM was more so the

weakest asset. We are seeing that this

asset actually runs into the gap. So

this is called SMT fill is nothing more

than a uh basically gap SMT. So what we

saw over here was gap SMT. Well, no,

that wasn't gap SMT technically because

there's no gap here. But it's simply

when one asset trades into a gap and the

other one doesn't. So we see the ES YM

do not trade into this gap. You have to

zoom in. There is a gap here. So if

there's a gap here, right? And if I drop

down to the lower time frame, there's

another important thing why we do not uh

we wouldn't have a bearish bias. This is

another thing here. So let's go ahead

and cover that real quick. So the

another reason why we would not be

looking for a sell side is because look

how far price traded away from the

opening price. So what is that already

doing if we're trading away from the

opening price? We are eliminating the

possibility for an expansion downward

because of that large wick, right? If

we're going to go lower, we'd have a

large wick at this point. We have a

small wick. We have a gap, right? That

was created after the opening price,

right? And also what are we doing at

this point? We're trading very very

close to the previous week's high at

this point or the previous days high.

Now we're creating, you know, a very

very bullish signature. This is not a

bearish signature. We don't want to see

price trade. If we want to see this

range hold from low or high to low, we

don't want to see this super deeper

tracing back in the range. That's not

something we want to see. That's

actually a, you know, opposing

signature. Why I actually want to target

this high, right? So now you have damn

near like equal highs at this point. So

that's another reason why right I would

be viewing this expansion lower as a

retracement right more so than anything

and what would cap off a retracement a

gap or SMT for go to go from retracement

to expansion so that's what we have here

so if you zoom in this is not just any

SMT this is actually sequential daily

cycle SMT

which is simply SMT with the previous

six-hour low so if you look here the

previous six-hour candle's low does not

get taken out. But over here on INQ, we

do take it out. And if you look over

here on YM, it's more so like equal lows

if anything. So, we have that on our

side. So, if you seen my SMT video or

sorry, my driver video, well, and SMT.

Yeah. What do we have here?

We have

a run or this SMT, this run on price and

SMT before 9:30 before a driver. So, let

me mark out 930. Kind of forgot to do

that. So, here's 9:30.

So, if you hit a key level before the

driver and you put in a reversal prior

to driver, so this C2 candle prior to

the driver, which is a reversal

signature obviously, then what should

happen, right? We should expand

away from that, right? The driver should

just expand immediately after following.

Right? Now, I did not take this because

there's really nowhere to put my stop

loss. I could have just entered here and

put my stop loss here, but there's no

like lower time frame signature. That's

like I like to see opposing candles on

lower time frame. So, that's when I take

that. But, this is very anticipatable. I

already knew it was going to expand.

It's pretty obvious, right? And if you

look here, what caused this retracement?

If we just want to go over that real

quick, we have obviously a two-stage SMT

as always.

So, we have this asset running on a

failure swing. Again, if you run out of