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Higher low (green arrow) or lower high (red arrow) depends how you normally walk with, paw or hoof.
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The pullback probably will be bought. May test the blue line above again which if indeed then breakout would be more likely.
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Intraday: inside day, anything goes....on all of the bigger time frames are on the sell mode. be careful out there, nothing to do with strait of Hormuz
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My comments are for entertainment/educational purpose only. NOT a trade advice.
I switched price action swing ton Gann style zig zags. I think it is helpful. Shows the small three push up running about 5 ATR per move. Did not expect to drop all the way to the bottom of the value area on volume profile!
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Show time. The first reaction usually is the true direction so the market wants to go down?
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Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
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