SPX500 Buy 10.27.22
Took several L's taking these trades -- I was forcing my buys orders because I wanted it to take BSL FIRST and the double top from Asian highs that were created.. Will it take them now?
Between 9-9:30 we got OTE for a very nice sell at 9:00am get the first W Leg, at 9:30 we get the second W leg (LIQUIDITY) because retail keeps buying. Little did they know they're:
- Tapping several times and finding resistance at the Midnight Open (3x)
- had bos/mss and then a retracement to OTE @ 0.705.
-Several taps at OTE fib and Liquidity below W created between 9-9:30 gets taken by HUGE sell to the OB from TUESDAY'S low from 21:00. This was the low that rallied price above Tuesday's high, but we just found support once more here, is it to propel price higher to take the current highs to THEN come lower and complete taking SSL? Or are we bullish on TF and the objective isn't quite lower yet?
Most profits were taken here with 3 Contracts remaining for the potential BSL that could be taken -- SL past BE now as well for protection/preservation of capital.
Between 9-9:30 we got OTE for a very nice sell at 9:00am get the first W Leg, at 9:30 we get the second W leg (LIQUIDITY) because retail keeps buying. Little did they know they're:
- Tapping several times and finding resistance at the Midnight Open (3x)
- had bos/mss and then a retracement to OTE @ 0.705.
-Several taps at OTE fib and Liquidity below W created between 9-9:30 gets taken by HUGE sell to the OB from TUESDAY'S low from 21:00. This was the low that rallied price above Tuesday's high, but we just found support once more here, is it to propel price higher to take the current highs to THEN come lower and complete taking SSL? Or are we bullish on TF and the objective isn't quite lower yet?
Comment:
Will it use the Midnight Open as Support now that we broke above it? 3 past highs that were broken are now major resistance in my eyes.