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Yesterday price came back from above the daily Kumo to its Kumo top at end of session.
Volumes were quite high in the second half of the session.
Some indications that we see a island reversal in the daily.
In the hourly chart price is IN the Kumo.
What does it mean for today's trading day?
Opening could be in the daily Kumo - making a stronger down gap which maybe will
not be closed during the day.
As it is Wednesday and short is indicated - this could be a stronger down move again.
Trade will be taken if IB > 5K which seems after yesterdays trading quite possible.
Why make a trade today as yesterdays range was greater than 150 points? I thought u didnt trade the next day if the previous days range was 150 points or more as it was one of the rules??
Dax at opening starts again at upper Kumo.
The dive into Kumo of yesterday seems history.
Looks like we can see some good upmovement in a low volume day.
Can be quite steady - and surprising.
Not much noise expected.
Look at the 30min. volume also.