Four out of the six sets of single prints from yesterday were filled before sellers got a bit ahead of themselves. Buyers aiming for today's excess, targeting the resistance area. Sellers aiming for the poor low.
Very interesting how much passive buying was there just above 4400. Sellers tried to break that so many times, and it was absorbed every single time.
We've seen the classic picture of a state of balance. "the top of the balance acts as resistance until it is proven false."
Hi Smash. Could you explain "Today’s session . . . and held the halfback, which we carry forward as both poor and weak. I don't understand how a halfback could be poor as, by definition, there is volume above and below it. I guess it could be weak if the prior day had the same halfback, but it doesn't, and I've never heard of such an application of "weak". So, I'm a bit confused. But at least I'm showing that I am carefully reading your writeup :)
Amazing work as always - thank you sir!!