$MES1! Demanding ain't She?

Here on the MES1! We are simplifying our analysis to forecast the next years action based on the current years close.

Utilizing candlestick psychology, when you have two well separated thick bodied candles after a cluster has been formed; the odds are likely that we have an established Demand Imbalance. This imbalance will continue for at least one more full sized candle to the upside.

In the projection on the chart I would love to say that 7000$ is the target for 2025, however market makers will like use a truncated high to bag the retail crown for some time. Always set your exits to avoid round numbers and take profits prior to any major phycological levels.

While I do expect a decent pullback likely into the beginning of 2025, closing over the previous years high will be your entry to get in.

You're Welcome.