Today we had a continuation Open with a -1pt gap. The prior days closing Strength Played out in the Globex session by rallying more than 16pts and reversing down into the pre-open were it bounce off the 1230 Round Number. 13,500 printed Block Volume on the Opening bar that was never broken. The 1500 Tick was in PB in trend and printed multiple probars with Blocks at the Peak Resistance.
Daily Trade Review
Recap Notes:
Trade Selection - Great 15 and 13 Open Ice 1S1K,
But I Took 2 liquid scalps for scratch and didn't like any other setups. 3 total trades.
Today's 15m Close: Weakness. Probar with Stopping Volume and and Hangman type bar closing up into 15M Cycle Resistance.
Accumulation Range: Intraday Session:
Globex: None
Distribution Range: Intraday: None
Globex: Pro Bars @ 1248 Peaks & Wide Spread Block closing Up @1244
Today's $TICK Close: +598
INTANGIBLE OBSERVATIONS:
Day After a Tight Range drifter with Strength on the close - Be aware of the previous day type and whether its close plays out in the Globex session, this will give us our directional premise for the Open. Think Momentum on the Open.
This is the 4500, 1500 and 13,500 tick after momentum bounced in pre-open But resumed on the Open.
Remember to be quick on entering the 13 open Ice - have the 13,500 up 1st and measure the bar H/L.
Day Type to Recognize - Today was a Breakout, Then Flag, then Breakout day all in the same direction. All breaking out on each Time Interval.
Last 2 days showing Flag breakouts and Time Interval bars Breaks.
Tripple Crown May be too good to be true - When price makes a triple crown be weary if we dont get a swift move right away. This may be due to the opposite cycles from the past still holding, so look for delayed cycles S/R that may be present.