Really Interesting! I've learnt so much from the newsletter the past few days. How do you get the 4232-22 resistance/weak below area for tomorrow? We spent a lot of time below, did a lot of volume, no single prints, no excess, cleaned up the structure from Monday etc.. or is it a level based off candlesticks and not TPO/VP? Thanks again for all you do, seems I have a lot to learn still!
Within that area, we have the IB low, where change took place, and the afternoon rally high (G-period high). This area is of interest for sellers to maintain to prevent a potential short-covering rally back towards 4247/4254 area, which would trap late traders from yesterday's lows, where a lot of volume was transacted.
In essence, the sellers are attempting a directional move away from recent value, thus needing to defend the areas where they stepped in yesterday.
Thank you for your consistently exceptional work!
If no weakness showed at the Globex open we probably gonna watch 4222 🥹
Yes! That 4222/4232 area is what sellers need to hold to maintain directional conviction.
Really Interesting! I've learnt so much from the newsletter the past few days. How do you get the 4232-22 resistance/weak below area for tomorrow? We spent a lot of time below, did a lot of volume, no single prints, no excess, cleaned up the structure from Monday etc.. or is it a level based off candlesticks and not TPO/VP? Thanks again for all you do, seems I have a lot to learn still!
Within that area, we have the IB low, where change took place, and the afternoon rally high (G-period high). This area is of interest for sellers to maintain to prevent a potential short-covering rally back towards 4247/4254 area, which would trap late traders from yesterday's lows, where a lot of volume was transacted.
In essence, the sellers are attempting a directional move away from recent value, thus needing to defend the areas where they stepped in yesterday.
Ahh thank you! I see it now I split the profile, makes perfect sense. Appologies for the basic question, just trying to learn as much as I can :)
Thank you, buddy! Shorts got us paid today. Your levels are magic!