A wild price action in the overnight session driven by mixed headlines but the RTH session resumed the intended upside move. The market was primed for the upside by forming a balance at the edge of the bigger balance. The breakout happened right off the opening. A strong move into 7780 resistance while being exhausted offered a short opportunity as well.
A lucrative day for both sides.
At this point I would give the bulls a priority as long as they hold the price above 7720. They may try to retest the previous week high.
10/10/2019
A lucrative day for both sides.
At this point I would give the bulls a priority as long as they hold the price above 7720. They may try to retest the previous week high.
10/10/2019
