Expecting a pump for Rejection, then going into the areas marked out below ultimately.
Too much risk potential to consider any Trades so merely looking to see what happens when/if they get to any levels. This will more than likely form the High for the week, so long as the Bearish Bias stay intact & Price refuses to stay above that High
Too much risk potential to consider any Trades so merely looking to see what happens when/if they get to any levels. This will more than likely form the High for the week, so long as the Bearish Bias stay intact & Price refuses to stay above that High
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Expect Higher Highs to keep on forming on a shallow basis until about halfway through New York Open - All they're doing is manipulating the emotional & overleveraged Traders to tighten their SLs above one of those Highs. We take the stairs up & the elevator down, don't fall for it.
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Even though it's unlikely, there's potential for one more sweep on the Highs before we see the first big leg down. if it were to, I'd expect it between 3:00a - 3:45a
Tomorrow @ 8:30a we will see volatile movement to the downside. There could be a run on shorter term Highs here which could be a good short scalp entry.
Tomorrow @ 8:30a we will see volatile movement to the downside. There could be a run on shorter term Highs here which could be a good short scalp entry.