10:32Early downside gap closure on Tuesday and now price is looking to move higher, following the Weekly channels and 5-day ranges.
Yesterday’s price action was very similar:- precise entry but the follow through upwards didn’t eventuate. I modeled that after the 22-point move up and re-test of the lows, price would continue down on Monday.
And today the model was close the gap, and price action could move higher as part of the Weekly trend
I covered remaining shorts on long signal, but haven’t traded longs today (YET) because of the larger range spiral points…
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