Neutral
-Trapped Between 2 Monthly Levels
-Highest Volume in almost 1.5 Months
-Trapped Between 2 Anchored vWAPS from High and Local Low
-MS has not been breached until we lose lower Monthly.
-Retest of upper Monthly still possible.
Bear
-Based on the volume that was just absorbed, only to close lower. I think we push to test lower Monthly next.
-Terrible R:R, not worth a trade.
Bull
-MS still bullish, because we have not breached that Hourly swing low.
-No setup with such a bearish upper wick.
COT Sentiment
-Large Specs have not added shorts, but they are still holding their positions.
-If Weekly can claim the higher Monthly level, we could see a change in sentiment.
-Bullish V Bottom on Daily/Weekly
Im shorting below Lower Monthly, or on a test of Upper Monthly. No trade here.
-Trapped Between 2 Monthly Levels
-Highest Volume in almost 1.5 Months
-Trapped Between 2 Anchored vWAPS from High and Local Low
-MS has not been breached until we lose lower Monthly.
-Retest of upper Monthly still possible.
Bear
-Based on the volume that was just absorbed, only to close lower. I think we push to test lower Monthly next.
-Terrible R:R, not worth a trade.
Bull
-MS still bullish, because we have not breached that Hourly swing low.
-No setup with such a bearish upper wick.
COT Sentiment
-Large Specs have not added shorts, but they are still holding their positions.
-If Weekly can claim the higher Monthly level, we could see a change in sentiment.
-Bullish V Bottom on Daily/Weekly
Im shorting below Lower Monthly, or on a test of Upper Monthly. No trade here.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.