BIG PICTURE
- PRICES ARE IN 50 POINTS RANGE FOR PAST 3 DAYS. OVERALL TREND IS UP AND PRICES HAVE FOUND RESISTANCE AT 8225.
- PREVIOUS DAY DAILY CANDLE IS IN DECLINE MODE.
TRADING DAY
- 09:49 - PRICES OPENED BELOW PDC AND HAVE NOW BREACHED PDL AND PREVIOUS 3 DAY SUPPORT 8170 ON DOWNSIDE. TO GO SHORT ON PULLBACK.
- 10:14 - TRADE NOT FILLED.
- 11:30 - PRICES SO FAR HAVE REMAINED BELOW LAST TRADING IMPULSE OF PREVIOUS DAY, SO BIAS IS DOWN.
- 12:47 - PRICES ARE IN 20 POINT RANGE ALL DAY AND HAVE FORMED BARBED WIRE AROUND PDL. DO IS ACTING AS FLIP.
- 13:52 - PRICES WERE TESTING LOW OF RANGE TILL 12:30 AND SINCE THEN HAVE BEEN TESTING HIGH OF THE RANGE - DO. PDL IS NOT ACTING AS BARBED WIRE ANYMORE. IT IS ACTING AS SUPPORT. BIAS HAS TURNED UP?
- 14:27 - PRICES BROKE OUT OF DO, PDC, BRN. DO HAS BEEN ACTING AS FLIP ALL DAY, SO UP MOVE CONFIRMED. TO GO LONG ABOVE BO CANDLE AND AIM FOR PDH.
- 14:36 - TRADE FILLED. E - 8208, ISL - 8195. TP - 8220
- 14:41 - TP HIT.
- 14:50 - PRICE BROKE OUT OF PDH AND 3 DAY RANGE HIGH. TO GO LONG AT BPB OF PDH.
- 14:57 - TRADE FILLED. E - 8238. ISL - 8220.
- 15:08 - TP AT RN 8250.
- 15:11 - TP HIT.
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