In the pre market we had a nice push by bulls that failed at the upper range. By the US Open, we were in a range reversal. B1 had difficulty at the global EMA while B2 pushed down for the balance of the range and to a short BO. Bulls mostly stayed on the sideline until a BO-10 level hit.
Between B21 and 40 an ascending triangle developed and we saw two sets of lows (double bottoms) and a series of higher highs (HH).
The bear TL and the triangle had two bearish push levels (price moving above) and PA was expected to push back to the 1188 area from the market low.
Not a bad day. Opportunities for trades in the range run, BO, TL breaks, HH's, and lows (DB's).
FINAL LOOK
Between B21 and 40 an ascending triangle developed and we saw two sets of lows (double bottoms) and a series of higher highs (HH).
Not a bad day. Opportunities for trades in the range run, BO, TL breaks, HH's, and lows (DB's).
FINAL LOOK
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