Prices were explored above the previous week's high early in the session; however, the buyers failed to sustain the move. Today's afternoon rally high is of short-term interest, perfectly aligned with Friday's high.
"but did you notice how the buyers once again failed to regain the opening level? The B-period high is one tick below the open level, making it a weak reference to carry forward." Is this because a test and rejection from the open indicates Day Time Frame participants? And thus Weak?
I didn't find the ARH setup appealing this session. It breached the ON LOW and IB LOW, but the day is still an uptrend day. When confronted with conflicting information, run a short exploration.
Welcome back! ;)
Smash,
Hope you had a great long weekend!!
VIX lvl -
Break & hold below 4,080... should be 4,180
Thanks & very appreciative for your analysis!!
Thanks! Corrected!
Was this Smash level 4222 not 4122? :)
Thank you, corrected!
Welcome back. Today month end shenanigans galore. I'd be shocked if buyers drop the ball here, but we are at such a critical juncture for bears too
"but did you notice how the buyers once again failed to regain the opening level? The B-period high is one tick below the open level, making it a weak reference to carry forward." Is this because a test and rejection from the open indicates Day Time Frame participants? And thus Weak?
I didn't find the ARH setup appealing this session. It breached the ON LOW and IB LOW, but the day is still an uptrend day. When confronted with conflicting information, run a short exploration.