Chart for the Hourly Indicates a Pivotal Juncture for Price.
A break would be problematic.
Gap n' Go OR Gap n' Trap is clearly in trade on the Hourly.
We moved up nearly 700 Ticks in several Days, the Objectives
are higher, but it will ALL depend on the 8:30 AM EST Data.
__________________________________________________________
No reason to guess, simply watch the Reaction at Time and the rest
will trade out.
It could end up being one of two events:
A Range consolidation
OR
Further intensity to Volatility
___________________________________________________________
10:30 AM EST has been the Pivotal Timeframe
A break would be problematic.
Gap n' Go OR Gap n' Trap is clearly in trade on the Hourly.
We moved up nearly 700 Ticks in several Days, the Objectives
are higher, but it will ALL depend on the 8:30 AM EST Data.
__________________________________________________________
No reason to guess, simply watch the Reaction at Time and the rest
will trade out.
It could end up being one of two events:
A Range consolidation
OR
Further intensity to Volatility
___________________________________________________________
10:30 AM EST has been the Pivotal Timeframe