-Technically the MKT is in play after producing a big
positive signal. On the SELL side
REVERSAL strategies can be executed off the UP and +c. Expectations should be for an immediate
exhaustive turn with the MKT quickly moving away from the area. Avoid SELL UP FADE strategies even with
confirmation. SELL DP BREAKOUT strategies
are not recommended but can be used as a signal for a FADE against the DIR.
-UP BREAKOUT strategies should just “go”, so
do not risk much. Be wary of these
strategies early in the session and look to exit on the 1st break in
structure. BUY DP FADE strategies are
recommended over REVERSAL strategies as the MKT is expected to hold higher
structure and any failure should be considered a potential negative corrective
shift high.
Today's PRICE MAP Performance for CD
Wrap Up
- Today the market is in play after producing a big positive signal The R Level at the DP represents the Sentiment bias for the session and traders should look to go long the market above this level. The market sold off in the overnight session and eventually made it down to our R Level just before 7 A.M. From here, traders could have executed a BUY DP FADE strategies with the expectation for follow through on the BULL TREND ACCELERATION market state. The market respected the R Level perfectly and sent the market rallying higher through our DIR and eventually to our UP, where profits could have been realized.
