Now that CPI has traded and closed below the monthly open, I am eager to see Wednesday's price action. I believe this is the Low of Month/Mid Month Reversal to trap shorts selling down low. Since the trend is bullish, I want to see buyers step in and pivot away from that low. Trap and shift.
I don't know how far it will go out of balance before/if snapping back inside for the trap and shift.
Tuesday's Daily candle is a signal day as a down day in a range bullish trend. It will either have more follow through or get bought back up.
I will be looking for a buy low opportunity Wednesday.
I don't know how far it will go out of balance before/if snapping back inside for the trap and shift.
Tuesday's Daily candle is a signal day as a down day in a range bullish trend. It will either have more follow through or get bought back up.
I will be looking for a buy low opportunity Wednesday.
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Long using the 2 Hour Doji and the Bull Hammer44,187
Stop 120 ticks
Target 600 ticks
5 to 1
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