Day’s Theme: An important support level highlighted on a multi-day scale.
Behavior Around the High: Sideways fluidity with equal amounts of inflow and outflow.
Behavior Around the Low: Nullified behavior around the low.
Exclusive Trade Opportunities for Subscribers:
An opportunity to open a short position at a high between 10:00 and 10:30.
On October 24th, there’s a move higher where we’ll revisit a crest around the open. We’ll then have a full retracement back down. There’s sideways around a high around 10:20. You could open a short position around that high. Between 11:00 and noon, there’s a move to the upside through resistance, we’ll stay above it briefly, and then we’ll break back down shortly thereafter. Between noon and 1:00, we’ll have a fast, sudden move higher and a failed attempt to break through key resistance. There’s likely a fake out between 2:00 and 3:00. There’s an important support level highlighted in the last hour that can be relied upon. Around the close, we’ll decline to revisit a support level that we met once before.
Multiple failed attempts to break through key resistance.