September 24

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

*During the next couple of days, plan will be posted here but I won’t be trading. I will be traveling out of the country to deal. with an important family matter.

___________________________________

We had a 5 point look below the prior day’s low but sellers failed to take out the 6700 psychological level. If it were not for that, today’s session would’ve ended up as an “inside day”. Daily One Time Framing Higher did come to an end with that test of the 6700 psychological level/area.

  • Today’s low is poor since it doesn’t have excess; this could mean that the down auction hasn’t ended yet. On the other hand, yesterday’s poor high hasn’t been repaired yet.

  • Today’s sellers left some single prints in the profile between 6720.75 and 6731.25. The top of these single prints adds confluence to the 6729 BZ level. Acceptance within or below today’s bottom distribution would be the most bearish scenario from a short-term perspective since it validates today’s selling below yesterdays’ single prints.

Bullish Scenarios:

  • Longs above 6731.25 targeting 6758 followed by 6787.

Bearish Scenarios:

  • Shorts below 6729 or below 6700 targeting 6670 followed by 6641.



Next
Next

September 23