Price has been a upward run since midnight and could turn around soon if it meets resistance at last session's value area low, but if it makes through there I would look for it to stall when it checks last session's point of control and anchored vwap as both are close together they should offer more resistance than the value area low. This is all assuming it continues up from where it is now. It could turn down from here. If that happens there are many relavent levels that are closely positioned around overnight point of control(Red dashline).
Trade active:
Going long on this pullback. If it breaks down I will look for a short to overnight POC
Comment:
I should comment that we are in a forming bear flag on the one minute. Not great for the long, but we'll see.
Trade closed: stop reached
Trade active:
Price does seem to be breaking down, so I'm reversing as planned.
Comment:
Stop is at 15495.50
Comment:
Target 15454.00
Trade closed: stop reached
Trade active:
Stop was too close trying one more time to go short this time from 15496.00
Comment:
10 tick stop
Trade closed: stop reached:
I had to go do some stuff. Looks like it stopped out