I anticipate little bit more of the downside (ideally with one more new local low) => move upside to the new high of the day => Reversal to the downside => new low of the day => around 10am reversal to the main move upside.
Anticipate more volatility around 10am news.
Anticipate more volatility around 10am news.
Note
Getting close to the 8.30 moment. Ideally one more low, but retracement down can be sufficient before the move up to the new high of the day.Note
Ideal target for this decline before the reversal to the upsideNote
First signs of the upside reversal. Possible acceleration to the upside before 10 am => corrective setback to the downside is anticipated on the 10am news, that will be great for the bullish daily bias. I would like to see no new low of the day, but 10am high volatility will show it's will.Note
anticipate another micro retracement before another leg to the upside Note
Price is being compressed before 10am. I anticipate some downside initial reaction but ideally without new low, nevertheless there must be spike in volatility.For bullish Bias it is better to see initial downside reaction.
Note
I would like to see little bit more upside first, but the price dropped sufficient to start the main move to the upside.Trade closed: stop reached
DXI looks like about to make leg upside => downside in stocks
Related publications
Disclaimer
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.
Related publications
Disclaimer
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.