August 25

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

On Friday we saw a very aggressive inside day breakout to the upside that took us back to the 6496 BZ level once buyers were able to take us above 6466. This move above 6466 triggered the “4-Day Balance breakout failure”.

• The “b period” move left a large amount of single prints in the profile between 6427.75 and 6471.75. The most bullish scenario would be for us to see acceptance within or above Friday’s “upper distribution”. If sellers can take us back below 6466 I will monitor for a re-advertisement of prices within the single prints.

Bullish Scanrios:

• Longs above 6466 or above 6481 targeting 6525.

Bearish Scenarios:

• Shorts below 6466 targeting 6436.

• ⁃ Shorts below 6427.75 targeting 6407 followed by 6378 (inside day breakout failure).