Today:- often a lower Weekly open can see price move upwards over the next 2-days using the Weekly 50% level as support, but not when the previous Friday breaks out.
This normally see price move down into Monday's lows
Resistance 4630-35"
SPI Weekly and 5-day pattern
Early rise upwards hitting resistance levels and a move down into Monday's lows.
The move into monday's lows was part of the 5-day breakout pattern from Friday:- break and extend pattern.
Expectation price is heading down into the 3-week lows
- Daily Trading Set-ups & Analysis
Posts
