show an open above the weekly meaning a bias for the week. Coupled with the election of the reversal this points to an initial further rally. For the bear case, we are near the top of the channel/broadening formation and MR1, WR1 + R2 form a strong resistance cluster along with this between 26320-500. is also due a breakout
Therefore I am looking to scale in for short entry at these prices for good R:R.
25600-700 gives strong support with WS2, a reversal and MP cluster. A buy here would be a good entry for either a bounce or entry into the trend if it continues higher.
continued to give accurate entries last week, with WR2 a high probability entry on Friday that coincided perfectly with Trump's tweet for a pullback to WR1.