Initial Observations:
12B Price: 4550.75
Daily Balance (DB) Level: 4540.75
Weekly Balance (WB) Level: 4507
Trade Scenarios:
a. Buying Opportunity on Pullback:
I'm particularly keen on potential pullbacks towards the 12B level (4550.75) and the Daily Balance level (4540.75). Should we witness these pullbacks:
12B Price: 4550.75
Daily Balance (DB) Level: 4540.75
Weekly Balance (WB) Level: 4507
Trade Scenarios:
a. Buying Opportunity on Pullback:
I'm particularly keen on potential pullbacks towards the 12B level (4550.75) and the Daily Balance level (4540.75). Should we witness these pullbacks:
- This would present an attractive buying opportunity, as I anticipate the market to bounce off these levels.
- The primary bullish target post-pullback lies within the 12B Upper Dyno, ranging from 4572.75 to 4578.00.
- If buyers dominate, the Daily Balance's Upper Dyno, situated between 4577.25 and 4586.75, becomes the next upward magnet.
b. Selling Opportunity:
If the RTH open or consistent offers hover below 4550.75 without signs of a bullish reclaim:
- The primary bearish objective would be the 12B Lower Dyno, which ranges from 4523.50 to 4528.75.
- A continued bearish drive will target the Lower Dyno of the Daily Balance, spanning from 4494.75 to 4504.25.
c. Dyno Reclaim Scenarios:
While traversing within the Dyno zones:
A temporary dip into a Lower Dyno followed by a bullish reclaim indicates potential long trades, targeting the closest balance or level.
Conversely, a swift rise into an Upper Dyno countered by sellers suggests short opportunities, with goals set for the subsequent balance or level.
Comment:
Today was the day that the 12B dyno was taken -- as it did not bounce back towards the Balance, updated it in discord when we were there....will try to update it here live for Mondays trades