8:30am
SPI opening around the 3-week high again @ 6647, and this level along with yesterday’s highs is an important reference for any further moves higher this week.
UP Weekly trends will move towards higher prices on Friday, and this level today is an important reference for any UP trend to continue.
Yesterday's view was that price will swing upwards on Thursday to fill the 'gap' @ 6661, this also matches the R44 range.
After 'gap' closure, the rest of the day is an open book:- Trend can continue higher as it follows the Weekly channels back towards 6735 by Friday, or it's going to rotate back down from the R44 high and consolidate on Thursday waiting for trend direction in US markets.
No high probability trades today, after 'gap' fill completion.
Risk 6647:- 3-week Channel highs, 5-day 50% level, previous Daily highs
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