🟩 Daily: OTFU | Ends: 3965.75 🟩 Weekly: OTFU | Ends: 3897.25 🟨 Monthly: BALANCE | 4 Month | H: 4141 L: 3502 Weekly Extreme High: 4125 Weekly Extreme Low: 3910 As usual, a detailed daily plan will be published tomorrow. The market has shifted from balance to imbalance. In my previous Weekly Plan, we discussed the potential for 3960 to act as a magnet if buyers were able to hold above 3913, which is the prior 4 week balance low. On Monday, the market opened with a true gap up, breaking out from the 3 week balance and quickly tested the 3960 level, where selling activity was immediately encountered. The session closed right at 3913.75. On Tuesday, we partially filled the highlighted fill section, but sellers had trouble gaining traction below 3913. The session ended very strong with a spike to the upside, and an excess low. For the rest of the week, buyers were in control with daily one time framing up, and we closed within the highlighted weekly resistance area of 4045-4005, where selling activity could be expected. Note how the 3960 HVN acted as support once it was breached.
Smash, how do you determine ‘your’ weekly and monthly extreme highs and lows. I’ve looked at your website and don’t see that defined. Thank you again for your work!
Thank you brother SmashElito 🙏 Please start your discord channel 🙏
Clear and concise analysis, really well written. The commentary with the chart is a game changer for learning imo.
Thank you, Brandon! Appreciate it!
Smash where is your explanation of acronyms? I saw it somewhere
There is a list of abbreviations on http://smashelito.com
I'm a new subscriber. This is great analysis and recap. Hoping I can learn to see the market context like you professionals do. Have a great day.
Thank you, and welcome!
Smash, how do you determine ‘your’ weekly and monthly extreme highs and lows. I’ve looked at your website and don’t see that defined. Thank you again for your work!