Price is opening above 01-14-2021 price spike, so i think we are going to trade this range again (3806.75-3816), we can not forget that 01-14 high is weak and poor, also it is the last week high, so i believe price is going to repair this structure today. for that reason i want to see acceptance above 01-14-2021 price spike (3806.75) to repair last week high.
The other thesis is if price at the opening go straight forward to this high maybe i want to look for shorts because the overnight inventory is 100% long and yesterday´s structure could not migrate value to the upside so, market can get too long if that happens.
The other thesis is if price at the opening go straight forward to this high maybe i want to look for shorts because the overnight inventory is 100% long and yesterday´s structure could not migrate value to the upside so, market can get too long if that happens.