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Objectives
Strong trendday up yesterday
Today we open clearly lower near the mid of yesterday after a constant down move in the on session
Thoughts
After trenddays we often see some Balancing on the following day
Given where we open i expect a choppy market
I will start the day with caution and trade later rather than sooner
Objectives
Yesterday balanced out the trendday a bit
The onh is near the last two rth highs which makes that area weak
We open inside the fat part of y profile. Y ibh is interesting as it is near the lower edge of that fat part
Thoughts
I think the market is more bullish than bearish as long as we do not get acceptance below yesterdays low
Market constructed a liquidation-b
I was bullish and tried to get into a long. That obviously did not work
Too much anticipation? Possibly yes. Hard to say
Objectives
Last week gave us a Move on monday followed by Balance
We open with gap down but inside of last weeks Balance
Thoughts
I will judge the market in relation to that Balance
As long as this structure stays intact i think responsive
Should we see a breakout/change i will think initiative