which days will be failed A up day vs strong A up days? the day i solve that puzzle ( clues are in MF book), it will be PARTY all day long
I have decided this is a bad idea (I forgot about the lunchtime chop) and entered an order to sell it for what I bot it for - ie go flat.
I tried a short .97 out .03 for -6 when it popped, that was what I was waiting for, and quite surprised it made it to 84.07 .. oh well, at least I was close I suppose, though we don't get paid for being close. I'm out for the day gents, every Tuesday I have an appointment at 1 or 2, and leaving now. Good luck rest of day!
I think at some point before going higher, the balance area POC around 80.00 must be tested... don't know if that will happen today, but so much up without testing the fortitude of those who longed and still holding from there won't last forever.
on a longer term markt profile, in theory,these areas get worked like a bell curve on a 1 day chart,theoretically making this the top of the bell curve