Description
⋅
This trade is based on daily range contraction from previous day. Yesterday PA forms a indecision daily candle.
Today open and makes a high of the day that forms a power 3 pattern.
After the a daily contraction, I am expecting that next day will be an expansion, a continuation of Monday expansion move.
Fundamentally, COT report indicate that the large traders are building bog short position from 4.9.24 report