*Accuracy rating update: 100% or 15/15 predictions correct*
Day’s theme: A rally that increases with momentum moving forward into the day.
Behavior around the high: Advised to open up protection around the high that’s in the midst of a rally.
Behavior around the low: Behavior around the low is nullified.
Trade opportunities:
An opportunity to open up a long position within a decline between 2:00 p.m. and 3:00 p.m.
Overview:
On December 2nd, we’ll have three pokes through the same price level followed by a sharp drop after the third poke in the pre-market. Around the open, we revisit a recent past opportunity at a support level. There’s a dip that will stand out within a period of sideways rotation. There’s a notable move to the upside out of oversold territory. That move to the upside will take us to the first crest, likely around 11:00 a.m. We’ll stay around that price level briefly and then break back down through that same price level shortly thereafter. I’m advised to open up protection around a midday high.
Midday, we’ll have a sideways S-formation or a movement from support to resistance, back down to support and up to resistance again. There’s a notable sell-off from a peak or crest that will stand out on a one-day chart. That decline continues into around 2:00 p.m. or 3:00 p.m. and offers an opportunity to open up a long position. We’ll have sideways rotation in the last hour along a key support level followed by a fast, sudden move to the upside that marks the end of that period of sideways rotation. That fast, sudden move to the upside will likely bring us to another day’s high. We’ll see a notable move to the upside in the post-market that pushes the upper end of a range.
Sneak preview:
On the 5th, we open at a key support level on a multi-day chart and an important ruler of nations is highlighted.