A play on the line in the Wizard of Oz: Lions, tigers, and bears! Well, the bears and the bulls.
The ES today had an Euro Zone Range Run, with an extended bear BO bar before the US Open. All after the ranges were calculated and released, but more on that later. By B1 we have an US open at the BO-5 level, it is a 50CB bar, and it hit a bull TL from the buyers down around 1307-1307.5.
PA ran back to test the 50CB BO short bar (pre open) approximately at the SBOT. SB to BO-5 ping-pong action. Two failed reversals developed the bear TL which had LH (also SB gaps) back to test the LOD buyer support.
PA hit (testings) buyer support at B34 and 43 establishing a reinvigorated bull. From the low at B34 to the SB at 1314.25, note the secondary entry about midway where the SB Gap narrowed and we had a SB-5 gap. Both together were bullish. The pre market 50CB hits and breaks, as does the SB. The run ends as a a MAXT at the middle BOT.
US Market
The Pre open Market
Now, for some news related to this Blog. This blog was started to discuss, document, and hopefully provide some education about playing the BOTs. It seems like forever that post have been added every evening reviewing the PA in various markets. Over and over, reporting how you could trade the PA moves associated with the BOT levels. They work. PA in the day hits key levels over and over.
Short of giving out the secret formulas, there is not much more to say. It's time to take a break. Continue trading, cut back on chatting and reporting. The next step is upon us.
I hope you have enjoyed the post. Hope you have become a better trader or at least added some thoughts to your trading.
The BOT levels were provided all week to any that took time to visit. We will do it again some day. For now, new avenues to explore, and some new interest that will require time.
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