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About 20 minutes before the pit open. Today is EIA day. Price is currently trading below yesterday's RTH range. I switched the TPO view to spoilt the day and evening sessions so I can watch for a reation in the area that occured the other evening.
Current value has been rejected all night.
I am watching for a possible turn at the open which could form a minor C leg up before price gets in striking distance of the prior major low, or to go with the move if it breaks.
Today should have a high chance of volatility in either or both directions.
Great day. My mind and the markets were in a groove. Got hit once at the end, tried to buy into the close at around 87.75 and it got me then ran 100 ticks, but I was done. Other then that I could not have traded better.
Expected a neutral day with an upside bias (due to the local double bottom at a failed W5), waited for a buying tail, the confirmation was that it bottomed where the buyers held the close yesterday, and from there forward it was on. Bought the vwap sds, sold the excess... if this happened every day...
So for tomorrow I am on guard. Nothing has been so dangerous for me as over-confidence.
And this I was very happy to have figured out. I put some labels on the left, some on the right (not right edge), and volume on the right "lock space". Nothing overlaps.