6646 is a critical level today:- it’s the 3-week cycle highs and also the R44 spiral point low.
Last Monday we were shorting the higher spiral point @ 6580, as part of the 2-day reversal stall.
Even though I would like for the same price action to occur this week, today I can’t be shorting because it’s not a spiral top. It’s a spiral bottom.
Today:- 10:30
Early price action pushed the R22 range down from Friday into 6642….
Entry 6646 (stops 6641)
Looking for Partial exit 6663 (holding breakeven stops from entry)
Expectation that price will continue higher (r44+)
A reversal back down from R22 highs and takes out today’s lows, will probably begin the expectation of a reversal into ‘gap’ closure.
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