Plan for Tuesday
Pivot is 3883.
Below targets 3872. Break and hold below targets 3847 / 3820.
Above targets 3897 / 3905. Break and hold above targets 3925 / 3949 / 3970.
Behind the levels
Market Structure
Short Term Trend. Trend remains the same. All timeframes, except the longer-term monthly timeframe, are trending up.
Inside Day. Today's entire range has been encapsulated within Friday's range. Thus, an inside day has been born. This is the kind of action we can expect due to the market awaiting the rate decision from the FED on Wednesday.
Bears want a break of the inside day low to the downside. Bulls want the opposite, a break of the inside day high to the upside. A break of the inside day low may target that 3847 orderflow level. A break of the inside day high may target that 3925 again.
Pivot is 3883.
Below targets 3872. Break and hold below targets 3847 / 3820.
Above targets 3897 / 3905. Break and hold above targets 3925 / 3949 / 3970.
Behind the levels
Market Structure
Short Term Trend. Trend remains the same. All timeframes, except the longer-term monthly timeframe, are trending up.
Inside Day. Today's entire range has been encapsulated within Friday's range. Thus, an inside day has been born. This is the kind of action we can expect due to the market awaiting the rate decision from the FED on Wednesday.
Bears want a break of the inside day low to the downside. Bulls want the opposite, a break of the inside day high to the upside. A break of the inside day low may target that 3847 orderflow level. A break of the inside day high may target that 3925 again.
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