Testing out some new concepts, I missed the FVG on the higher timeframes. There was a dip which was a good Fair Value gap fill and then there was a return into the consolidation area. Using DR/IDR concepts there is a high likelyhood that the daily bottom is 16660ish.
NYSE isn't open so this is just an experiment, but because that's marked as daily low, and represents a false breakout from the channel, I believe that the next movement is likely long. I entered a long at the bottom of the current channel and will take some at the top, some at 16800 on a breakout to the upside, and let the rest ride.
NYSE isn't open so this is just an experiment, but because that's marked as daily low, and represents a false breakout from the channel, I believe that the next movement is likely long. I entered a long at the bottom of the current channel and will take some at the top, some at 16800 on a breakout to the upside, and let the rest ride.