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News
we had price index at 8:30
later we have fed speakers
Condition
We are consolidating last weeks up move
yesterday was an inside day
onr was below yesterday and is now gapping above y range
What to stay away from / Thoughts
If we hold the gap the situation is bullish and the low of the conso could be in
Be careful with shorts before we see acceptance back in y range
The rth low of the conso is weak
The actual low was made overnight
If we do not get traction to the upside these lows coul be tested/run over. But do not antizipate this.
What to stay away from
Do not develop directional bias
Propability of moving in one direction and coming back seems to be higher (we are in Balance)
We have fed speakers. Do not sit in positions. Try to go for smaller distances