ANOTHER TREND DAY BOT BO'S

WE issued a watch yesterday.  We had a trend day (+5 LB BO and SB BO) and expectations were for a significant BO to follow.  How about a +15 SB BO followed by a LB BO?  Another trend day which means we will issue another watch for a BO.

Price broke below the EMA MB early for a SB BO.  The next play was the 50CB PB back to the EMA for the exit.  The 8:15 area was a MAXT at the EMA/SB  and a FBO of the EMA and a failed SB reversal.  Pick your read, as it was an over whelming suggestion for more shorting.

The +5 levels were put on the chart, and quickly hit prior to the US open.  Since we were looking for a significant BO, the +10 or more was not a surprise.

B7 begins a leg 2 from the LOD, that also broke the EMA.  This came after a MAXT variation at B2-3, where we also see a 50CB break of B2, and a long signal to test the SB.  The SB reversal was confirmed at B14, with a mirror move to the Middle BOT.  The mirror is:  we enter the BOT range from a LOD, and it will test the MB.  Two options are:  a continuation higher, or a failure to retest the LOD.

We see a trend continuation with the EMA as support.  The next SB reversal confirmation hits at B24, and is the right "bookend" for the mirror PA.  The mirror is confirmed after we have a LB BO with a PB test.  That test did what?  Pulled back to the Middle BOT.  Again, two options:  hold and trend long or fail for a move to the SB and potentially the LOD.  We see the MB hold and the bull trend continue.  The mirror then, is a low to mid (or high to mid)  followed by an offsetting move (high to mid in this case).  It can be considered as a variation on consolidation, where the market hits a perceived critical area, often within the BOT ranges by the way, and then makes it's (the market) next move.  B60 was the long clue, as it was the mirror BO at the LB and the EMA.