After waiting for the initial balance during the first 30 minutes of the opening... I marked the high and low of that duration along with an extended window. The market will establish itself within that time frame. Once the market has established its direction, you will know whether to buy or sale. The current trendis showing a bear market.
Snap after a disasterous IPO has spent last couple months in equilibrium. Selling has been exhausted as its healed. Yesterday we had a key range break over resistance with nice volume expansion to confirm validity the price movement. Its holding up today after early morning push. watching for this pattern to build needs to really break over vwap
Timeframe: 15M Confluences: 4H chart shows a bearish rejection from fibs + BRC of a support turned resistance. On 15M chart, we see a break of a support zone, and entered on the retest of this zone (although not necessarily a fib retest). Also EMAs and MA are clustering which should provide some resistance.