IWM Wed Swing Turtle Soup Long
Today was one of the most difficult trading days many have seen. It had me thinking. Generated buyside liq above Mon and today's high. Also relative highs with last Thursday's high.
The 4 day trading week generated some buyside as well, yet also comes with some bearish undertone. One could argue we have yet to make a daily lower low in this trend.
You know how last week was a 4 day trading week? There's some unbalanced price ranges in the premium market that could go for some balancing. PMI is projected to release higher than prior. and that would carry volume.
There is also intraweek buyside above the 4 day week's highs that could be swiftly repriced to. I'm thinking we may end up having a Wednesday weekly reversal to the upside.
We have some bullish structures to base trades and risk off as well. 1hr OB provides decent upside targets considering the timeframe and relative risk.
Market just feels like it's in seek and destroy. Might as well attempt to take advantage of volatility!
https://www.tradingview.com/x/eOpBRnic/
The 4 day trading week generated some buyside as well, yet also comes with some bearish undertone. One could argue we have yet to make a daily lower low in this trend.
You know how last week was a 4 day trading week? There's some unbalanced price ranges in the premium market that could go for some balancing. PMI is projected to release higher than prior. and that would carry volume.
There is also intraweek buyside above the 4 day week's highs that could be swiftly repriced to. I'm thinking we may end up having a Wednesday weekly reversal to the upside.
We have some bullish structures to base trades and risk off as well. 1hr OB provides decent upside targets considering the timeframe and relative risk.
Market just feels like it's in seek and destroy. Might as well attempt to take advantage of volatility!
https://www.tradingview.com/x/eOpBRnic/
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