August 13

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

Buyers were able to keep us above the Balance Zone’s halfback at 6407— this resulted in a breakout above the “2-Day Balance” which in turn resulted in a trend day / rally towards the top of the Balance Zone at 6466. With today’s move we saw a new All Time High made during the RTH session.

  • Going into tomorrow it’s all about monitoring for continuation of today’s move or for a re-advertisement of prices within today’s profile. If we get a re-advertisement of prices I will be looking to be a buyer near today’s halfback at 6440 since it adds confluence to the 6436 BZ level. If we see support above 6466 I will be looking for a move towards 6496 or towards the 6500 psychological level.

Bullish Scenarios:

  • Longs above 6436 targeting 6466.

  • Longs above 6466 targeting 6496 - 6500.

Bearish Scenarios:

  • Shorts below 6436 targeting 6407.

  • Shorts below 6407 targeting 6378.



Next

August 12