To close the loop Heading into next week - range has evolved from horizontal to diagonal Now, please do not take this to mean I have a downward bias - I have no bias Context is not a forecaster - context is used to measure / gauge - current PA ======================= Tomorrow, being the first of the month - institutional money comes in It an opportunity for the BSDs to either buy..., or sell into Time will tell RN
Seems like a double-bottom, back up to the red arrow level. Who knows, we'll see what tomorrow holds for things.
240 FB - no change to the context from Sunday's chart above As classic example of price being worked both diagonally and horizontally - as I've seen And a FBO of the diagonal to boot today - or was it Time will tell RN