In the Prep Room today I said the expectation was to see price push higher from the 2700.
I had a sell area at the 2711 but this needs permission and as I said this was a short area for me to get long Lower down, so if I got short at the 2711 I would buy again down at the 2700.
If the long at 2700 worked then I would stay Long with the expectation of going higher above the 2713 and up above the 2718.
If the 2718 are broken then I said this should be able to push us higher to the 2780 so above the 2718 and longs are definitely longs to stay long , unless new HTF structure develops.
If the longs at 2700 fail then I said this means I can short down to the 2680 to 2677 for a long but if the longs at the 2675 fail then shorts are then shorts to stay shorts and long will then need permission.
If price opens above the 2705 to 2707 then any up move off the open is to get short to buy lower down.
If price opens below the 2705 to 2702 then any down move I will buy to stay long.
If we open above the 2707 then a down move off the open I will buy.
If we open below the 2702.50 then any up move I will sell and wait for the longs lower down.
End Of Day
Market did in fact find demand right at the 2698 and as it was the long that came first we had no reason to get short at the 2712.
