1:17pm 2nd Nov."Expectation of the market to rise higher and close the Gaps @ 6752 and 6792 (latter (6792), not today but could occur tonight if US rotate upwards)
Expectation is that there are resistance zones in the market based on the 3-day lows @ 6737.
DayTraders: R44 completion @ 6726 partial exits and let the day run it's course
A bullish day is often confirmed with a 22 point down move from the R44 highs, bounce off support (pivot 6709) and heads higher into the close. (current price action)
The next 44 completes the 6752 gap closure.
At this stage trading shorts today is open to risk, as long as price is trading above the lower pivots, because of the expectation of 'gap' closure and system expectancy." (premium report 12.03pm)
Expectation is that there are resistance zones in the market based on the 3-day lows @ 6737.
DayTraders: R44 completion @ 6726 partial exits and let the day run it's course
A bullish day is often confirmed with a 22 point down move from the R44 highs, bounce off support (pivot 6709) and heads higher into the close. (current price action)
The next 44 completes the 6752 gap closure.
At this stage trading shorts today is open to risk, as long as price is trading above the lower pivots, because of the expectation of 'gap' closure and system expectancy." (premium report 12.03pm)
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Gaps closing with expectation that 2nd Range of 44 points will complete @ 6752 (Day traders: exit zones 6748-52)
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