When intraday levels or patterns are exceeded or invalidated or you want more detailed analysis, please refer to charts posted for the week, click here
There’s something to be said about trading in a focused environment, in a manner which feels as comfortable as one can feel when trading. There’s always nuances when one tries to force a trade, regardless of the reason, or when shifting one’s normal parameters of risk/reward. That being said, I suggest sticking to what works for the individual, and if that is an unknown, do NOT risk capital until it is a known. Also, it is never recommended that anyone follows another into a trade blindly, it is imperative to not only understand the reasoning of an entry, but also to agree with it based on one’s own criteria.
ES_F initial lvls to brk & hold outside blue GRZ. Either looking for 2324.25 tgt w/ dnside brk or retest of dbl Shark PRZ w/ help of STRg8 completion of Dp Crab.
NQ_F in upside Retrce Mode of blue Dp Crab, currently inside GRZ, so initial lvls to brk & hold are above 5411 or below 5390.75. Note STRg8 shows important sup test at 5395 , as long as this can hold, it increases probability of testing top of GRZ on STR20. Ideally looking for upside brk to 5434, or dnside brk to retest 5373.
CL_F approaching smaller of dbl ABCD,PRZ53.69, this will be a key resist test & 53.26 SL is key sup. Note this ABCD correlates w/ 4Hr Shark PRZ, adding importance of resist, if does rejct, ideally looking for 50.3 tgt for 5-0. Upside continuation has top of Shark PRZ which correlates w/ 127.2% ext tgt at 55,38.
GC_F is strong uptrend so I’ve taken STRenko chart down to 10 to find small pattern to play out initially. There’s an emerging Bat or ABCD w/ Line in Sand at 1281.8, this will be the do or die for Bat. Should the Bat play out, it will return price back to 4/11 intraday VPOC. Above 1281.8 focuses on completing ABCD at 1285.9.
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