Ultimate Trading Analysis Journal

Looks like we are going to exhaust this range. Looking for 03 for next smack area. Looks untested as well as 07 area. Both of those areas I expect a smack.
 
After 07 we have untested levels around 2810 and 2814. After those are exhausted and there is still momo, new highs. But watch for momo to get exhausted from testing everything. If it is and we start losing key levels of support on higher tf, may head south quickly especially if 30s are taken out.
 
Last two days my analysis has been spot on, but got kind of nervous taking shorts with all the momentum to upside and failed to take advantage of counter trend trade opportunities. Today we tagged 2803 which and it smacked for roughly 11 points. If we are going to get any traction to the downside, need to see an hourly close below the high 2780s... Otherwise all selling will likely be absorbed and they can take this higher to next are of resistance around 2807ish (which I can't tell if it's tested or not), and maybe even 2814.
 
2826 came from the higher tf... It was very significant, but momentum doesn't appear to be offset in any significant way. Looking for potentially higher prices with smacks along the way. 2830s could see a smack if we can get there either overnight or tomorrow. The close today was extremely important because of what was gained. Now looking for 2830s if we can get above 2826. To the downside 2810/2807.75 are two levels that could get a quick tag and pop. Happy Trading.
 
3.13.19 wedge.png


Let's see if this wedge plays out
 
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