Price Action - (Defined Low)
We have a defined low that comes in at 681.58
The previous low @ 772.95 was traded below. The sell stops that were protecting those long positions were traded into with this new low (681.51)
After this new low was created price action impulsively moved away in bullish momentum, to do what?....
Hit the buy stops that were created @ the previous short term high @ (1031.95)
That short term high (1031.95) was traded through eventually (which is highlighted with the shaded circle) and price starts trading higher
I'll leave the purple shaded area open for comment, let me know if you see the clues the market left behind!
Thank You
The previous low @ 772.95 was traded below. The sell stops that were protecting those long positions were traded into with this new low (681.51)
After this new low was created price action impulsively moved away in bullish momentum, to do what?....
Hit the buy stops that were created @ the previous short term high @ (1031.95)
That short term high (1031.95) was traded through eventually (which is highlighted with the shaded circle) and price starts trading higher
I'll leave the purple shaded area open for comment, let me know if you see the clues the market left behind!
Thank You
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