Hello Traders! Here I show simple ideas surrounding the weekly range. Hope you learn something new today. Keep it simple. Stop over thinking. Stop being Retail.
Hello Traders! Here is a brief breakdown to last weeks range. This is how I think about the market each week in its raw form. No indicators.
So far we've rejected the weekly high and pushed down into the LTF points of interest. Going into the premarket and NY session I'll be looking for signs of rejection to return to the upside or a continuation of the overall trend. Mostly favoring a neutral to bearish point of view on this but I don't mind reacting on movement to the upside for a buy if the...
We are trading within a range near the most recent low on the daily after a big move to the downside. Definitely still overall bearish but we are trading into HTF points of interest to the downside, basically buy to sell setup's in the making. Missed the trade yesterday off of the range high but that's okay. Lots of news today so I won't be so quick to pull the...