08/02/2025 Weekend Update

[Cobra]

Down 1 week the next week has 59% chances to close up.

[BullBear52x]

"It is what it is department" This is a start of the road to Zero We are clearly on lthe Top of sort, every indicators in charts were gone negative as it should. at this time ADXwill be a good tool to see how this consolidation will turn its head, bullish or bearish trend to follow it will show here for a daily chart view.

A daily trend following setup: this simple system is telling us we are in buy the dip zone.once it triggered (RSI>30), the stop will be not a penny less at low on the closing basis. keep it simple.

Swing setup: rips will be sold.

Intraday: a LL and LH is clear, and now we have a consolidation. again here, price action is simple, trending then trading, all of us scalpers for day trade are careless of what market will do as long as we can spot the early sign of trending, that is where the $$$ beeing made. so, keep it simple, reversal back up or continue down on Monday, this chart will ding the bell before the market open in the form of, Are we inside day or out side day, gap play situation. trade well, Peace!

[BullBear52x]

Bonus chart on price action on bigger picture. we are back inside the last bullish consolidation range. the range is 80 points, we are at the lower end of the range. R/R will be better for buyers than sellers here.
Buy at the closed with a stop at <6200 or Sell at the closed with a stop at >6280. like our good realtor would tell us, it's location that counts. GLTA