Month’s Theme: An important trade opportunity on a one-year scale.
Behavior Around the High: An attempt to establish support.
Behavior Around the Low: A significant move to the upside out of the low.
Exclusive Trade Opportunities for Subscribers:
An opportunity to open a partial long position on the 1st.
An opportunity to open a long position on the 4th and close it on the 5th.
An opportunity to open a short position on the 5th and close it on the 6th.
An opportunity to open a short position in the midst of a move higher on the 11th.
Overview
On the 1st, there’s a sideways-fluctuating decline that precedes a rally that offers an opportunity to open up a partial long position. On the 4th, there’s a period of sideways rotation and a sharp drop in the midst of that sideways rotation. That will take us to a lowest low that offers an opportunity to open a long position. I would close that the following day on the 5th after a big move to the upside overnight. I would open a short position toward the end of the day on the 5th and hold it until the 6th. There’s a decline on the 6th. Out of that decline there’s a significant move higher taking us to a peak or crest toward the end of the day on the 7th. We’ll then sell off from that into another prominent trough on the 8th.
On the 11th, there’s a prominent move higher out of a trough midday. There’s an opportunity to open a short position in the midst of that move higher....
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