THE bear was strong into the US Open. On the tick chart we had PA at/below the EMA, some Bear TL's and a Bull TL that was signal points.
The short of the BO down pushed for two exits points with the latter being a reversal. Conservatives entered at the Bull/Bear TL Cross for the PB to the targeted 34-35 area.
THE 5M CHART
SIMILAR efforts for the 5m crowd. We were in a range reversal from Euro Zone trading and finally broke away from the SB stalling by B10-11. B8 at the SB and below the EMA was a lower risk short as well. We then moved to the BO-5 level+ to find the reversal signal at B15. Bulls made it back to test the SB but struggled to return into range. By B52 area bears again began a move to break the Bull TL and push below the EMA.
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