Price has been a upward run since midnight and could turn around soon if it meets resistance at last session's value area low, but if it makes through there I would look for it to stall when it checks last session's point of control and anchored vwap as both are close together they should offer more resistance than the value area low. This is all assuming it continues up from where it is now. It could turn down from here. If that happens there are many relavent levels that are closely positioned around overnight point of control(Red dashline).
Trade active
Going long on this pullback. If it breaks down I will look for a short to overnight POCNote
I should comment that we are in a forming bear flag on the one minute. Not great for the long, but we'll see.Trade closed: stop reached
Trade active
Price does seem to be breaking down, so I'm reversing as planned.Note
Stop is at 15495.50Note
Target 15454.00Trade closed: stop reached
Trade active
Stop was too close trying one more time to go short this time from 15496.00Note
10 tick stopTrade closed: stop reached
I had to go do some stuff. Looks like it stopped out
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.