*Accuracy rating update: 100% or 13/13 predictions correct*
Day’s Theme: The establishment of a solid foundation at support and/or a male ruler of nations is highlighted.
Behavior Around the High: A significant trade opportunity at the high when we’re rotating sideways along a support level that was previously resistance.
Behavior Around the Low: Out of the low, there’s a sideways fluctuating rally that precedes a decline.
Trade Opportunities:
A day trade first thing in the morning.
Overview
On March 1st, we’ll decline through multiple support levels in the pre-market into the open. Around the open, there’s a notable move to the upside that stands out on a one-day chart. That move to the upside turns into a failed attempt to break through a key resistance level in the first half hour. That’s followed by a decline through key support. We’ll then establish support and have a notable move to the upside. Around 11:00 a.m. or noon, there’s some erratic behavior back and forth through the same price level. In the midst of that erratic behavior, we’ll revisit a crest that was recently a past opportunity. We’ll then decline from that crest and then there’s an unexpected move out of that low around 12:50 p.m.
There’s some volatility around 2:00 p.m. In the midst of that volatility, there’s a sharp dip that will stand out on a one-day chart. That’s followed by what’s most likely a holding pattern with a pop and drop. There may be a decision between two leaders around this time. In the post-market, there’s an important price level highlighted as resistance. There’s also a sharp decline in the post-market.
Sneak Preview
My sense is that we’ll open lower on the 2nd.