A wild price action in the overnight session driven by mixed headlines but the RTH session resumed the intended upside move. The market was primed for the upside by forming a balance at the edge of the bigger balance. The breakout happened right off the opening. A strong move into 7780 resistance while being exhausted offered a short opportunity as well.
A lucrative day for both sides.
At this point I would give the bulls a priority as long as they hold the price above 7720. They may try to retest the previous week high.
10/10/2019
A lucrative day for both sides.
At this point I would give the bulls a priority as long as they hold the price above 7720. They may try to retest the previous week high.
10/10/2019
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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.