I took no trade yesterday as I was expecting lower.
There are so many levels to consider on the chart as potential Support or Resistance.
I have two plans today:
Plan 1 TV Alerts on the levels currently below price and monitor candlestick patterns of a long. I feel that the the Naked VAL and Low from 24 Feb will be strong support and this might be where I take my long trade, but I will analyse candles and volume when this happens.
Plan 2 Wait for a clear break of the developing daily VAL/VAH, then use the levels above a Take Profits.
@DisDev, I've been watching the PA all morning. Was too scared to take the LONG from that level but marked out all our levels on my chart though. But your level worked out. That's awesome.
cgates32
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@DisDev, what do you think? will we retrace back up to clear out the imbalances up to 39 ish? I'm curious because you took a long off of that point or were you looking for just a scalp long?
DisDev
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@cgates32, yesterday I took a short from my time range of interest down to the levels (naked VAL and low 24 Feb). I have now just taken a long with stoploss below the recent low 34250. There seems to be reason to move up. pdVAL, vectors, naked daily opens etc.