Month’s Theme: A brief peak that’s easily missed followed by a decline through multiple support levels. That’s crossed with erratic behavior back and forth through the same price level.
Behavior Around the High: The first high is likely around the 8th and the second one is between the 28th and the 30th.
Behavior Around the Low: The low is likely on the 16th. We’ll likely revisit the low on the 22nd.
Trade Opportunities:
An opportunity to open a short position at a high on the 7th. I would close that the following day on the 8th at a low. If the 8th doesn’t work, the 9th should have another opportunity to close.
Sneak Preview:
A prominent peak and trough in December.