Poor structure <3995 from yesterday only partially filled, which sellers should be happy with. We close out the session with a solid reversal, after sellers once again failing to gain traction <3950.
What does the yellow shaded area between 3923-3931 represent? Where are the levels from? You highlighted the area for the write up on the 14th but didn’t label them and I meant to ask you about them. We probed the area yesterday and held there so it must be important. :/
3931 was the afternoon pullback low from 9/7 session and 3923 was the spike base from 9/2 session. Inside that yellow area, there was also an interesting imbalance (3930), from the 9/7 session. There was a high probability to at least get a reaction from that area on the first retest.
What does the yellow shaded area between 3923-3931 represent? Where are the levels from? You highlighted the area for the write up on the 14th but didn’t label them and I meant to ask you about them. We probed the area yesterday and held there so it must be important. :/
3931 was the afternoon pullback low from 9/7 session and 3923 was the spike base from 9/2 session. Inside that yellow area, there was also an interesting imbalance (3930), from the 9/7 session. There was a high probability to at least get a reaction from that area on the first retest.
Super, thanks for clarifying. I am fascinated by your analysis, write-ups, and depth of insight!
Thank you, Marty! Have a great weekend!