𝗪𝗲𝗲𝗸𝗹𝘆 𝗣𝗿𝗼𝗳𝗶𝗹𝗲

To forecast weekly market behavior, first assess whether the week favors an uptrend or downtrend. This will help you understand the direction in which the market is delivering.

𝗝𝘂𝗱𝗮𝘀 𝗦𝘄𝗶𝗻𝗴 Often, a “Judas swing” occurs early in the week, with prices manipulating below the opening price before trading higher. This usually occurs on Monday or Tuesday at the beginning of the week followed by expansion later on the week. If the week is likely to be bullish, the low of the week will usually happen on Monday or Tuesday. And so does the high in the bearish scenario.

𝗘𝗰𝗼𝗻𝗼𝗺𝗶𝗰 𝗖𝗮𝗹𝗲𝗻𝗱𝗮𝗿 Use the economic calendar to anticipate potential highs and lows due to news events. Mark the Sunday opening price on your chart; if prices drop below it and then stays above, expect bullish expansion.

𝗣𝗗 𝗔𝗿𝗿𝗮𝘆𝘀 Use higher timeframe PD arrays to identify potential highs and lows. Mark where prices should reverse for confirmation of weekly lows and highs. If PD arrays are disrespected, remain cautious and observe the market's direction while maintaining the same context.

𝗗𝗮𝘆𝘀 𝗢𝗳 𝘁𝗵𝗲 𝘄𝗲𝗲𝗸 When framing the weekly profile, consider the day of the week and the news on the economic calendar. For a bullish week, expect Wednesday and Thursday expansion to follow the week's direction, once the week's low has been set on Monday or Tuesday.

𝗙𝗿𝗶𝗱𝗮𝘆 Friday, the last day of the week, typically frames the weekly high for a bullish week and the low for a bearish week. However, if the weekly objective is met, Thursday might set the high. This is where we get retracement back into the range for the weekly candle. To understand the weekly profile better, study candle anatomy.