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I have reordered the data so that price goes from high to low. (why didn't I do that before?)
Area:Prediction: Result
PH:1105: High of 1100
PA1:1102: Price moved up to 1100 at 16:40 (Premarket high) Open: 1097.75
PA2:1093.50 Price moved down to 1092.75 at 11:36 reversed to 1098 and retested at 1093.75 at 14:21 then moved to the high
PL:1088: Low of 1092.75
Can you help answer these questions from other members on NexusFi?
Area:Prediction: Result
PH:1105: High of the day at 1106.75 at 15:50. Price consolidated around 1105 for 2 hours from 14:30 to 16:30
PA1:1102: To the tick and reversed at 10:15 back down to the open and then up to the high. (Editorial comment: Evil Mr. Market took out all of those stops sitting above the blue line of 1100 then reversed it after all those people took longs to catch the breakout. Evil Mr. Market then dropped the price 6 points to take out the longs and reversed again up to the highs. He's a mean one that Mr. Market.)
Open:1096.25
PA2:1091: Did not come into play today. (Random thought: Many stops below 1093 - 1095 now. Will evil Mr. Market take this out on Friday or next week?)
PL:1088: Did not come into play today.
Area:Prediction: Result
PH:1113: Price high was 1111 at 12:30
PA1:1108: Price moved to 1108 at 11:18 and consolidated within a 3 point range the rest of the day.
Open:1101
PA2:1091: Did not come into play today.
PL:1088: Did not come into play today.
The 1013 from Friday hit within a tick this morning. I still like the 1091 and 1088 from last week but for a pull back later. The lower targets have been moved up for now.
The lower blue line was the battle area for the day. PA2 was a nice target.
Area:Prediction
PH: 1118: Did not come into play.
PA1: 1115: Did not come into play.
Open:1110.75
PA2: 1104: Price moved from the open down to 1103.75, held and reversed. The market came back down to within a few ticks a few more times during the day
PL: 1101: See PA2
1013 hit again overnight and back down to the 1104 from yesterday. 1013 and 1104 are becoming important areas in the market. I still like the 1091 and 1088 from last week but for a pull back later.
Even though I didn't mark them on my chart, as I said this morning I still liked the 1091 and 1088 from last week but I expected it to happen later this week. Well, 1091 hit today as support.
Area:Prediction
PH: 1117.50-Did not come into play
PA1: 1114.50-Did not come into play
Open:1103.75
PA2: 1101-Price blew right through 1101 during the news.
PL: 1098-Low was 1090.25. Once 1098 was broken it became resistance multiple times during the day.
Now that we have gone down to the 1091/1088 level we need to keep our eyes on the 1113 and 1104 areas above for later. (I just noticed I was typing 1013 instead of 1113 in some prior posts, oops, I marked the charts correctly but can't seem to edit them to fix the posts #16, #18). On the lower side if 1087 breaks we probably see the next level of 1079.
