US30 - POST NY SESSION ANALYSIS - 05242022
An erratic day today. Price slightly pushed up after my last post.
Stopped me out at approximately 31767.
I then got back in to another sell order around 31725 around NY open.
Shortly thereafter price dropped about 300 points, I was trailing my stops so I locked in 200 points at approximately 31500 before price came back up and stopped me out.
Since then in late NY session price has now pushed up to around the 31950 level.
I have entered a sell position around this level, 31950 - 31990
My stop is above this recent structure that has formed, 100 points out at 32050.
If price pushes up to my SL level then that will indicate that price is pushing up past these structure highs to form new highs and higher lows.
If the bears come back into play here I anticipate price will drop down to atleast the 31400 level tested earlier today if not further down to 31000.
I will be trailing my stops as always and see where this goes.
I'll see you all pre NY session tomorrow!
Have a great night!
An erratic day today. Price slightly pushed up after my last post.
Stopped me out at approximately 31767.
I then got back in to another sell order around 31725 around NY open.
Shortly thereafter price dropped about 300 points, I was trailing my stops so I locked in 200 points at approximately 31500 before price came back up and stopped me out.
Since then in late NY session price has now pushed up to around the 31950 level.
I have entered a sell position around this level, 31950 - 31990
My stop is above this recent structure that has formed, 100 points out at 32050.
If price pushes up to my SL level then that will indicate that price is pushing up past these structure highs to form new highs and higher lows.
If the bears come back into play here I anticipate price will drop down to atleast the 31400 level tested earlier today if not further down to 31000.
I will be trailing my stops as always and see where this goes.
I'll see you all pre NY session tomorrow!
Have a great night!