Another session of balancing and forming overlapping value.
Previous 3 -day range balance broke the upside, so she's likely to have finished that business below and now heads higher once churning is filled.
First upside target is top of developing balance arange/yday H,
after first tagging that naked VPOC below.
If we do break into that prior 3day balance, MP would lead us to believe we target the bottom of that lower 3 day range.
WHAT ABOUT STOPS, you say?
Yes, there are buy stops above us, and trapped shorts below us.
LFG
Previous 3 -day range balance broke the upside, so she's likely to have finished that business below and now heads higher once churning is filled.
First upside target is top of developing balance arange/yday H,
after first tagging that naked VPOC below.
If we do break into that prior 3day balance, MP would lead us to believe we target the bottom of that lower 3 day range.
WHAT ABOUT STOPS, you say?
Yes, there are buy stops above us, and trapped shorts below us.
LFG