End of the week, short and sweet.
- Range developed early, PA held at LB. With a FBO we look for PA to run to opposite end of range.
- Range run, and SBBO. A BO is expected to run +5 minimum which should allow high seller/low buyers their +8 to +10 target.
- Your entry? Continue to watch for multi-bar hold patterns, gaps in PA to the EMA for trend strength, trend lines, levels. LOOK for PA/EMA/level converging in a narrow area.
- PA (opinion) will seem to be in run and test function, always seeking pockets of support and resistance, or blocks of orders. The goal of the market is to create movement to entice new buyers/sellers.
- To move higher/lower, PA will PB to allow "Bigs" to enter at more favorable profit levels.
- Entries are at the with trend stalls (hold) and any CT trade must respect those areas. Calculate your risk/reward for each move from where you estimate support/resistance will be located.
- Each level tested in the bear/bull run will be respected in a reversal bull/bear run.
- Significant players (big boyz, pros, institutions, pick a name) will get a +8 to +10 return
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