Ranges set, news hits and PA runs the range and breaks the LB only to develop a flag channel and a "W' three push effort. Push four breaks out at the open, but the first BO tends to fail and we have resistance at 1456.75.
The PB in the range run to the prior consolidation seen in the pre-open and establishes a LEVEL GAP on B3. Mentioned in the chat, but these gaps are now a focus and we will continue to monitor there usefulness in planning entries/exits. The LG also established the first bull TL in the BOT Range. The second bull TL supported PA for the next run on the high. A consolidation at the LB stayed close to the EMA and found support at the TL2. Bar 5 and LB longs were allowed to run with a BO-5 target, albeit they were stopped out on the first LB Level Gap.
A nice PB to support at the TL2 and PA runs to close the GAP and hit the BO-5. A FBO developed, and by the rules, a run back to the LB (minimum) was expected.
The EMA FBO at the LB was bearish and allowed entries to complete the range run and close that early AM GAP to the SB.
Another nice day for trading. If you looked at the open and came back at the close, you missed all the action. The day ends range bound in nature.
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