Cobra's Market View

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Revisit the previous low, finally bulls have chances to make a double bottom.

Swing setup: new box, make or break. bulls will have to fight this out or down drift we are.

open inside day, anything goes, and inside the no man's land. same playbook. patient, react, and don't predict. let the process play out.

Bear trap early morning. I hope we're up pass 61.8% and continue up side trade. lets go bulls.

[attachment=0]2025_08_21 (7_05_47 AM).png[/attachment wedge up megaphone down, maybe

Added a Gann fan because they look really good and do tell a story

[attachment=0]2025_08_21 (8_15_51 AM).png[/attachment But lots of volume below so slow going for more drop.

Keep it simple, market is in balanced, right now is >60% chance of range day. time to go take a walk.

Possible higher low.

Maybe the low was in this time? Need break above the pink area without any pullback to confirm.

Well, guess that's it for today. Here's what Friday looks like: https://stockcharts.com/public/1684859/ ... /533449397

Thank you guys, I'll see you in another thread soon.

Before the close, please take a little time to vote for me, thanks: https://stockcharts.com/public/1684859/ ... /533449397

ES hourly.

Slow drift down the slope.