20240814 NQMNO is very close to 8.30 level. That is a consolidation before the final spike to the upside. The 8.30 spike to the downside was perfect ss raid before the anticipated move to new high of the day (HOD). I would like to see the end of the high forming at 9.30 and the first displacement with MSS to the downside will be the sign in IOF that the Wednesday High of the Week profile is the one for this week.
Today is very nice day with CPI to create such a reversal move. Majority has no doubts that price will continue to go higher. One more spike to the upside will be the perfect trap for the late longs.
My downside DOL is discount of the current dealing range and 15m +Mitigation Block.