Short

A Break out of the value area?

Updated

Responsive selling at the 4k level. Looks like there capital ready to sell anything that goes higher. Rejection occurred down to the bottom of the 3 day value area. A break south of there would push down to 38 or 37. The previous POC 4 days ago was at 37, which probably will serve as the Support.

Note

Initial rejection at the value area, still looking good for short

Note

Sorry, initial rejection at the edge of the value area.

Note

Auction is two sided at these levels. Would like to see another push down to see if we get initiating or responsive results.

Note

POC moved down to 3891... good sign. We are breaking down.

Traders_insight

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