July 29

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

Today’s lack of interest above last week’s high resulted in a re-advertisement of prices within Friday’s range. Buyers defended the 6407 BZ level and were able to close the session within Friday’s “upper distribution”.

• For sellers it’s all about ending Daily One Time Framing Higher. I would think that if they can trade below the 6400 psychological level we will see the repair of the two poor lows that we have below.

• We had a slight look above Friday’s high. If it wasn’t for that, today’s session would’ve ended up as an “inside day”. Going into tomorrow’s session, I will treat it as an “inside day” which means that I will be monitoring for a breakout above or below today’s high or low. A breakout below today’s low gives us the end of Daily One Time Framing Higher.

Bullish Scenarios:

• Longs above 6421 targeting 6436.

• Longs above 6436 targeting 6466.

Bearish Scenarios:

• Shorts below 6416 or below 6407 targeting 6378.

• Shorts below 6378 targeting 6349.