August 6

Discord access link: https://discord.gg/UPbu6PZFDp

If it weren’t for the “A period” look above the prior day’s high, today’s session would’ve ended up as an inside day. The “B period” liquidation break left some single prints in the profile between 6348.75 and 6357.50. The bottom of the single prints adds confluence to the 6349 BZ level which is also the base of yesterday’s “spike’. In other words, buyers need to get us back within the range of yesterday’s spike.

Bullish Scenarios:

• Longs above 6349 targeting 6378 followed by 6407.

Bearish Scenarios:

• Shorts below 6320 targeting 6291 followed by 6262.