Learning a new strategy, lets see how it does. Been in sell mode for a while now, hoping for a push up. Marked out daily areas and zones.
If it rejects of 72.00 I'm looking for a quick sell. If not I'm looking for buy to the upside. Still overall downtrend, but may be trying to reverse, just hasn't broken that 4Hr Level yet. Watching News today as well.
Hitting an Daily Level, may be bouncing back from a big ~300-Tick move to the downside. Engulfing candle on the 15 min. Currently in a Low Value Area 70.64. Point of Control is 72.45. Hoping for a nice pullback since it's still in overall downtrend. Trying to catch some moves before market opens...Lets' see. Up, up, and away.
Multiple touches on an area of resistance. Overall down trend. Short from pullback. Engulfing bearish candle on 5 min.