Part 1 - A Look at Higher Time Frames See Comments Section.

I'm following up with "Part 2" shortly to provide more details of possible price action during August going into September with FIB's. The purpose of this publication in the higher time frames was to get an idea of where we may be during this period of Wyckoff Re-Accumulation. It currently looks like we will not come down to find support on the 20-EMA in the 9-Day TF until September. This also means we can expect the 20-EMA in the 9-Day TF to continue rising from it's current level to meet the price action candles when the come down to meet the 20-EMA in September in the 9-Day TF.

In the near term (Sunday or Monday) I do anticipate a reversal to downward pressure. However, I'm not seeing a significant dip when it does reverse. That dip may only last until Wednesday or Thursday; where we will resume with upward pressure once again until at least mid August. This may equate to us simply going up and down from here until mid to late August in a relatively tight trading range. I'll get into more details in the next video (Part 2) to provide an estimated trading range (high and low) during this time frame of re-accumulation that's remaining.

Stay tuned for Part 2 Video Publication to follow in about an hour.

Happy Trading and Stay Awesome!

David

Comment:

I painted the second coat on my sliding shelf for the keyboard.  Then I began unboxing hardware to build my PC after I ate dinner.  
i.imgur.com/nSLzmtK.jpg

I'm pausing from my PC build to do Part 2 Video shortly. See you in at least a half hour... ; )
i.imgur.com/RMJzaO2.jpg

Comment:

Here's follow up with Part 2 -

20:07

Comment:

2-Day TF WITH indicators:

24h TF WITHOUT indicators: The important thing to remember is upward pressure continues for a bit into the month of August before we go into one final brief bear trend in September to set us up to test ATH (All Time High) in Quarter 4, 2019.

Comment:

A look at the 2-Day TF: I'll probably provide another video update later this evening. I'm still doing some much needed work in my office remodel.