the over night is in a very balanced area right about where the market closed so no real opening adjustment expected, First idea is a test into the 2930 - 2933 area and maybe this just becomes the chop zone for the day, if this area can let go the would expect a move to 2920 area and then a move back to 2930 area, further down is not very likely, but anything can happen. the 2nd idea is a chop in this area 2933 - 2945 that finally moves to higher ATH area
Note
Maybe mentioning chop in each idea was not enough maybe needed to mention chop at least twice in each ideaNote
I will say I think we move to the new ATH area, and at that point see if volume floods in or vanishesDisclaimer
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
