20240816 ES

Aug 16

I anticipate more upside initially. The upside DOL is w bs raid and D VI. It is possible to see some more upside with spike. 8.30 news can be helpful to fuel this swift upside move. After that I anicipate TGIF downside move. It is an election year so upside BIAS is very strong, that is why only after IOF provides the evidence with signs in PA it will be possible to aknowledge the high of this week and project 20-30 % downside for TGIF.

Aug 16

Note

10.02 15m TF
The new high of the day is the next DOL to the upside. Technically 20% of the weekly range was hit to the downside so TGIF minimal target was reached. As of now it is more to the upside.

Aug 16

Note

1.42am 15TF
The upside terminus DOL has been reached. It is time to look for signs of reversal to the downside.

Aug 16

Note