Week 2/28 --- 3/5
Charts: 240m & 60m
Last week the market chose the event with lower probability: PB inside the box [3788, 3859]. It has shown bulls were much weaker than what i expected.
Update of post 59:
Chart: 120m
Today the market was strongly bearish and BO below the bottom of the gold box. There was a typo: the bottom of the box should 3740.
Chart: 15m
Update of 15m chart in post 56: market has chosen the strong case. At BO above blue DTL in 15m chart, it pulled back several times, which has shown it is rewarding to wait for the PB opportunity after BO.
Thanks a lot for your suggestions; i did read Wyckoff analysis before but i did not have the deep understanding and will try to read it later.
At posts 37 and 38, the structure is Spike up + weak channel. here it is channel up + range market. I was expecting BO above the gold box top but...
Chart: 60M
Today's market chose the event with smaller probability: BO below the bottom of the gold box. Need more information to find out the future even with the higher probability. Notes in the chart was marked on the past Sunday.
Chart: 60M
Since Sunday, the market has been in the gold box with notes in chart written on Sunday, today it has a higher probability BO above the range top successfully.