Intraday price action analysis will be needed for Monday should the NAZ not get propped Sunday/Monday and or dip during Open Drive on Monday.
Lift to white line, Long above and Short below. Friday the NAZ tested 8/1 & 2 high and top 1st 30M of 8/3. No retest near level, NAZ may travel much higher than expected on Monday. Current Range forecast reflects recent NAZ range.
Lift to white line, Long above and Short below. Friday the NAZ tested 8/1 & 2 high and top 1st 30M of 8/3. No retest near level, NAZ may travel much higher than expected on Monday. Current Range forecast reflects recent NAZ range.
Comment:
NAZ dropped 100 points in 2 30M and retraced back in 20 30M candles. At/Hit white line 13306 now. Ratio of dropping distance and speed vs Long (float) is odd. NAZ will not stay lower. 30M/IDS combo chart below:
Comment:
Past 2 days (and now 3rd) the Short trades are accurate and efficient, the Long trades/retrace have been Grinder's. You will need patient with Long trades as these snail grinders are taking forever to play out. Easy flow is station to station, drop/retrace pull back, stall sideways float. On upside, pop/stall to drop or pull back to original point. Expect back and forth and take profit, my calls are good for 1 side, you need to get other (or not). If you were trading Overnight, you would of gone Long at low to White Line 13006.
Comment:
White Diag on 30M (thick White) is TL to watch. Right chart notice the 2 yellow lines that show the divergence prior to price drop. Expect pop back to test 13006 should NAZ not fall quickly and may bounce at 65 or 50 (prior comment) and watch price and diag TL.
Comment:
Follow the comments, NAZ did not drop quickly after 13006 rejection, dropped to 13265 and is challenging 13006 level, again. Drop to 065 was a Long trade back to 13006 test.
Comment:
Stepping away until after the Open. Block the noise and follow the FLOW. You will get multiple shots at each side today. Get out of synch and you will pay (and do not blame me).
Comment:
NAZ got to 13419, close to upper target of 12454. Play ranges. 13454 to 13306, Need to use IDS for redirects, 420 should be test/turn.
Comment:
Trying NOW,
Comment:
13375 should pop back up for another test at 420.
Comment:
Range now testing 13306
Comment:
TLX 13094 is near outside day reversal. NAZ may try fir this as an extreme test.
Comment:
Scalping long/short. Today's internal Price Action has turned Bearish as compared to previous sessions. As noted the down candles far outweigh the upward. Could expect a lift to stall to sell. This will repeat for DZ.
Comment:
13234 is lift target and test, staying under is very bearish for close. Bottom of Open Drive/range.
Comment:
13234 was rejected and watch the next move.
Comment:
Struggling higher, may try for bottom TLX.
Trade closed manually:
Decent rage for a day when NAZ is only down 45 points. Prop offset?
Comment:
Naturally, the NAZ starts to lift near close and in A/H. 1st 30M did have some power to Long side, then DZ sells off. This is a twist.