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I see pennant, so breakout on the upside is more likely.
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At the open my dir = 0, deadflat and therefore no point posting H/L estimates.
at open 2971.25 - 2953.75
There was a triangle which now 9:30 broken to the upside. It could be a false breakout. If it is real then H/L
2976.25,
2957.25
Though the rng est is 17.50 it may be less - sort of pre 4 July no one really knows, china-trade-talks upgap of Sunday closed and now where? I don't feel there is any real conviction and expect the choppy sideways concept for today.
Educational only and not trading advice (EO&NTA) Good trading to all
bias may still be up. since it's within the yesterday's range so I treat it as a range day regardless.
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And the hard drop completes the third phase of a parabolic move. So we are doing more or less symmetrical up and down moves today. No idea what that may mean.
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