MNO is very close to 8.30 level. That is a consolidation before the final spike to the upside. The 8.30 spike to the downside was perfect ss raid before the anticipated move to new high of the day (HOD). I would like to see the end of the high forming at 9.30 and the first displacement with MSS to the downside will be the sign in IOF that the Wednesday High of the Week profile is the one for this week.
Today is very nice day with CPI to create such a reversal move. Majority has no doubts that price will continue to go higher. One more spike to the upside will be the perfect trap for the late longs.
My downside DOL is discount of the current dealing range and 15m +Mitigation Block.
Today is very nice day with CPI to create such a reversal move. Majority has no doubts that price will continue to go higher. One more spike to the upside will be the perfect trap for the late longs.
My downside DOL is discount of the current dealing range and 15m +Mitigation Block.
Note
9.42 15mTFNice 9.30 downside inception. The next DOL is the local sell side level and first -MSS.
Note
10.14 15mTFThere is the first -MSS in place. I would like to see uspide retracement ideally into premium of the MSS>
Note
11.08am 1mTFThereis a micro -MSS. AMS SB has been finished, but the upside move has just this micro -MSS. I would like to see more signs of -IOF soon. Lunch hour session starts at 12 and it is better to see another displacement to the downside before that
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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.