DislikedHeres my trade. Exited for non VSA reasons. Your initial analysis has some flaws. If noone else comments, I will go over them later.Ignored
1. Hull has turned red
2. I was below the highest volume bars low
3. ND closed right on the low of the highest volume bar
The first ND I marked was also a good entry as we had seen some effort to rise through the body of the day's opening bar (marked with the fib). Previous efforts failed to take out this bars high. We had a previous rejection and that ultra high volume SO type bar which produces no upside results. Next bar was down so supply was still present, then we made another effort to rise and we see SM pull out their upside interest with that ND with the same high as the higher volume upbar just before.
The thing to remember is that we started trending down on Thursday - Friday after that major buyingh climax bar on Thursday. We Friday in the body of this bar between the low and the close levels (never able to take out the close or the high).
3700 is key for me before I look for any longs and then the low of that Thursday bar around 3770 is the furthest target I would look for. The body of that bar is around 150pips long on the 1hr chart and could keep any significant moves up at bay until firstly the close and then the high are taken out and tested IMHO.
Today's zone = Tomorrow's opportunity!