High of the Day: Camarilla H3
Morning Reversal at: Camarilla H3
at 5.24 am
US Market Open Move ended at: Prior Day High at 11.04 am
Low of the Day: Current Day Open
Close of the Day:
Prior Day High
Profit 45 Points Overbought & Oversold System
Profit 50 Points MTP Manual DP System
Long trend at the open, but overbought so we might first test the Pivot point (which also would be the 5608 - 5603 Decision Area from the last swing low) and then trade up to the 5670-5680 Decision Area. Daily Charts suggesting the same situation like on tuesday one week ago where we broke above the highs but closed lower for the day, but I am also prepared for a full long day either way the decision i will do at the decision areas.
We did not trade down to the Pivot Point only crude oil did, but there was a clear buy signal at 3.08 am after the german stock market opened. All moves again easily trade able, to reduce the number of trades I will look forward to let trades that are at breakeven to continue to next intermediate target and skip the short term targets as there seams to be always either a 3 waves to a top or an AB=CD wave leading to the goal.
The session from 6 to 9 am that I usually dont trade was also trending today, this kind of rollover days happen after large range days, so I will keep an eye on them in the future.
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