This commentary will focus on the first 60-90 minutes after the Opening Bell. However, our strategies can and will provide setups the entire trading day.
Overnight price action found upper resistance in the Hotzone and started forming lower highs and lower lows.
For the first time in weeks, the markets showed continuity in the mini market cycle phase 4.
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Price action gave us two quick setups from the 1-minute charts and both ended as breakeven since we saw no follow thru.