YESTERDAY the BOT's were identifying a low with a bull reversal potential. As we saw, the bear did not wake up to play. Mr. Bear stayed in hibernation today as well.
PA continued to break BO levels, and we had a 50CB bar launch at the BO-15 level, PA played with the base and the TL, pushing to the BO-20 level in the US pre-open.
For the US market we had an interesting bullish note in two gaps. The first gap was PA to the 50CB base and the second was the gap still lower to the prior BO Level. This was the the lower risk buy: a known support (in this case two) below.
A second gap in the late morning session (around bar 27) was a second entry point.
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