Updated: Nov 30, 2022
*Accuracy rating update: 100% or 14/14 predictions correct*
Day’s theme: A failed attempt to break through key resistance followed by a decline through key support
Behavior around the high: A notable drop, possibly to a day’s low off of the high. There’s a significant trade opportunity at the day’s high.
Behavior around the low: A trade opportunity at the day’s low.
Advised to trade around erratic behavior back and forth through the same price level.
On November 8th, we’ll likely open up a bit higher than we closed on the previous day. In the pre-market, we have a notable move to the upside out of the first low for the day where we test resistance. We have a critical resistance level that’s highlighted around the open. We then fall from that price level to a support level and then rotate sideways along support within the first half hour. The high for the day is somewhere around 11:00 a.m. Around noon, we come back to the price level that we previously tested in the pre-market. It looks like we fail to break through that price level and then move to the downside through a critical support level.
We fall to a day’s low somewhere between 2:00 p.m. and 3:15 p.m. We’ll then see a fast, sudden move higher that marks the end of that decline. We then have three criss-crosses back and forth through the same price level. There’s an important resistance level highlighted around the close. At some point in the post-market, we turn that resistance level into support and then rotate sideways along that price level before a fast, sudden move higher.
An agreement between two leaders is highlighted on the following day.