$ES Weekly BIAS, Week of Oct 22nd, 2023
This is the Weekly BIAS for this week on
ESZ2023
Price closed below the previous week’s low (PWL).
**→ Price is likely going to close below last week’s low.**
Where is price headed? We know that price is drawn to 1 of 2 things:
-Buy/Sell Stops (old highs or lows)
-Imbalances (FVGs)
**There are some old Weekly lows below, so we know that price is likely headed towards those old lows.**
ESZ2023
Price closed below the previous week’s low (PWL).
**→ Price is likely going to close below last week’s low.**
Where is price headed? We know that price is drawn to 1 of 2 things:
-Buy/Sell Stops (old highs or lows)
-Imbalances (FVGs)
**There are some old Weekly lows below, so we know that price is likely headed towards those old lows.**