> Very strong momentum higher
>> Past two weeks have had 9/10 green days
> Previous weekly value area: 57.75 - 58.75 w/ POC at 58.33
> Friday built a HVN above the weekly value area between 59.30 - 59.82.
>> buying the lower end of this area early in the week could offer good r:r if the market doesn't get any real pullback.
> If we do get a pullback, it will be important to see if last week's value area is defended.
>> if it gets back inside last week's VA, the weekly POC should act as a magnet for deciding further direction.
>> expect the weekly VAL to be heavily defended as well.
> No shorts on Monday; I don't want to try to fight this momentum. I need it to show me it's ready to pullback before I try to lean on levels for shorts.
>> Take short profits quickly next week if short positions are initiated.
> If there is a significant down move, watch out for the multiple untested daily POC & HVN below; one or more of those should be good for at least a relief bounce.
>> Past two weeks have had 9/10 green days
> Previous weekly value area: 57.75 - 58.75 w/ POC at 58.33
> Friday built a HVN above the weekly value area between 59.30 - 59.82.
>> buying the lower end of this area early in the week could offer good r:r if the market doesn't get any real pullback.
> If we do get a pullback, it will be important to see if last week's value area is defended.
>> if it gets back inside last week's VA, the weekly POC should act as a magnet for deciding further direction.
>> expect the weekly VAL to be heavily defended as well.
> No shorts on Monday; I don't want to try to fight this momentum. I need it to show me it's ready to pullback before I try to lean on levels for shorts.
>> Take short profits quickly next week if short positions are initiated.
> If there is a significant down move, watch out for the multiple untested daily POC & HVN below; one or more of those should be good for at least a relief bounce.
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Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.