Based on what price did in Monday to predict the possible Tuesday price expansion
In terms of daily, price is very likely to form a doji today, range or move down and move back up, after yesterday impulsive bearish push, price may enter a cool down period, it may continue lower during LD as a continuation of yesterday strong bearish trend.
NY session price may take out the low(SSL) as a NY Judas Swing. If there is no interest to follow through after taking out the low, we might get a pullback during NY pm session and prepare for Wednesday up move to fill up the daily IMB.
Wednesday
If price turn back into bullish and Tuesday price closed not far away from this daily IMB (if it left unfilled), Wednesday will likely to take out the Tuesday high for LQD of BSL and fill up this daily IMB and continue lower.
If price did that, my target will be aiming for the EQLs(SSL) from the left.
In terms of daily, price is very likely to form a doji today, range or move down and move back up, after yesterday impulsive bearish push, price may enter a cool down period, it may continue lower during LD as a continuation of yesterday strong bearish trend.
NY session price may take out the low(SSL) as a NY Judas Swing. If there is no interest to follow through after taking out the low, we might get a pullback during NY pm session and prepare for Wednesday up move to fill up the daily IMB.
Wednesday
If price turn back into bullish and Tuesday price closed not far away from this daily IMB (if it left unfilled), Wednesday will likely to take out the Tuesday high for LQD of BSL and fill up this daily IMB and continue lower.
If price did that, my target will be aiming for the EQLs(SSL) from the left.