– I’ll be looking for potential Buys above 194.100 targeting Hourly Resistance at 194.560 Leaving Runners to the Daily Resistance formed at 195.000.
– I’ll be looking for potential Sells below 193.390 targeting 4h Support at 192.750 Leaving Runners to the Hourly Support formed at 192.320.
– The weekly candle closed exactly as I had anticipated — a strong and clear rejection to the upside, validating the bias I maintained throughout the week. Now, the focus shifts to timing and execution. With major moves often sparked during high-volume sessions like the New York open, the ideal play is to wait for a clear confirmation before entering — whether that’s for a continuation to the downside or a potential reversal to the upside. Discipline is key here. Let the market show its hand during peak liquidity hours, and only then take the trade with proper risk management in place.