Currently at 7350 we are looking downwards towards a low volume pocket between 7305 and 7143. Possible support can be found within or we can retest the ~6800 range for support as it is the POC and the developing POC is on top of it.
If so and support is found we will retest and adjust. If we bounce at either target and head upwards I expect to see resistance at the recently rejected 7700-7800, up to roughly 8092 as the next high volume node to ~8258 which at the time of posting is a rough Value Area. If this serves as a resistance towards the next pocket between 7685 and ~7850, which at that point we can expect either testing previous resistance as labelled or an attempt to reach back to the POC.
Laddering in and curious to see how bloody the alt market gets during this time and the weekend being here as well.
If so and support is found we will retest and adjust. If we bounce at either target and head upwards I expect to see resistance at the recently rejected 7700-7800, up to roughly 8092 as the next high volume node to ~8258 which at the time of posting is a rough Value Area. If this serves as a resistance towards the next pocket between 7685 and ~7850, which at that point we can expect either testing previous resistance as labelled or an attempt to reach back to the POC.
Laddering in and curious to see how bloody the alt market gets during this time and the weekend being here as well.