Todays daily candle was teetering between +/-
We ended closing - but its a very weak close from bear
my plan today was if we close - like this i would long targeting new weekly highs
if we close weak + (weak bull) i would have looked to short the close.
based off probabilties bears seem like they are losing steam and markets seem to be
favoring longs. There fore im positioned long atm if we start closing hourly candles
below 4550-60 ill be reconsidering this plan. Above you can find my levels with my scenarios
if we can maintain staying above 50-60 i could see us getting to much much higher levels.
if we start failing i could see us going to bottom/ bottom quarter of the range.
Goal for now is getting and sustaining above daily open which is aprx 4586 if we can close above yesterdays highs 86 will become demand for future we close below it will be supply
NFA Educational Purposes Only
We ended closing - but its a very weak close from bear
my plan today was if we close - like this i would long targeting new weekly highs
if we close weak + (weak bull) i would have looked to short the close.
based off probabilties bears seem like they are losing steam and markets seem to be
favoring longs. There fore im positioned long atm if we start closing hourly candles
below 4550-60 ill be reconsidering this plan. Above you can find my levels with my scenarios
if we can maintain staying above 50-60 i could see us getting to much much higher levels.
if we start failing i could see us going to bottom/ bottom quarter of the range.
Goal for now is getting and sustaining above daily open which is aprx 4586 if we can close above yesterdays highs 86 will become demand for future we close below it will be supply
NFA Educational Purposes Only