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rejected at the resistance, so let's see how the pullback goes. sharp means the rebound was over, small or consolidation then probably will revisit the resistance which if indeed, breakout would then very likely.
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Traditionally this is the down day of thanksgiving week. Apple in dis-array as suppliers talk about how bad the production cuts are hurting them. British media on a watch too see when they move on a no confidence vote to end the May government. Russia not willing to cut oil
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Well opened right in the middle - so no favouring either scenario A or B (as per weekend)
There is one signal that indicates a bounce, giving a checkmark day.
I have decided to override this and go with dir =-1 meaning HOD\LOD
Estimates for this lower scenario are:
2745
2706
However on a similar day we had a LOD at 9:15 so if you see a turn (from downward to upwards) around that time then you would be looking at 2719LOD up to 2758 HOD
(Clear as mud -n'est pas?)
Educational only and not trading advice (EO&NTA) Good trading to all
Lower channel trend line bounce was "gone in 60 seconds". Big boys putting in firm support on the order book every five points. ES 2730 and 2725 support did nothing.