1. What is the Trend and how did we get here?
The prior break from the Range turned back inside. Hinge action from yesterday's close has resolved to the downside in a continuation of original trend. The ON action saw the down move continuing and price is now slightly below yesterday's low. The SL starting from yesterday's PM drop is still intact.
2. Where is value?
Price is now trending at the LL zone of the prior multi day Range. It is on the mean of the prior 60 min TC.
4. Potential Trades
1. Short break of 4202
2. Long off 4191
5. Recent errors to keep in mind
Manage adverse action as per plan
The prior break from the Range turned back inside. Hinge action from yesterday's close has resolved to the downside in a continuation of original trend. The ON action saw the down move continuing and price is now slightly below yesterday's low. The SL starting from yesterday's PM drop is still intact.
2. Where is value?
Price is now trending at the LL zone of the prior multi day Range. It is on the mean of the prior 60 min TC.
4. Potential Trades
1. Short break of 4202
2. Long off 4191
5. Recent errors to keep in mind
Manage adverse action as per plan