Price came into month swinging high then pulled back which could be the high of the month but right after they showed a big trap move w pattern to fake off the high above the month open which has created a whole range...the bottom side will most likely hold so this current week the low of the week is what is ideal which has already formed below the week open a head and shoulders pattern which created the wick for the weekly candle itself. I’m going to trade away from that trapped volume and anticipate the low of the day Thursday and Friday buy to take it to the range high or when high of the week behavior is seen
No financial advice
Simply a projection not a signal
Manage risk
Entry setup must develop to take the trade
No financial advice
Simply a projection not a signal
Manage risk
Entry setup must develop to take the trade