DislikedYesterday was the test on the upper ledge & now it is filled down to the lower ledge...yummy! we have a nice filled now into the LUA.
Weekly MP set to 1-6 composite..
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i see 3 possibilities fro tomorrow:
1-market retrace just enough to facilitate th etrade and get price fair for the sellers(the excess is a good reference);
2-we will have just a daytime frame auctions;
3-market will auction lower and:
a-find long term traders interest being below value on wekly profile and near by last month VAL, add at this the evak's merge profile references;
b-we will start new sellers interest and continue down. the weekly IB just formed is below last week range, so initiative sellers are in the field.
by the way evak, again whats the theory behind spike base in the way you apply it? i looked for some food for thought but didn't find much...as i said my logic sais one the spike is filled it should be not mean anything after, k i get thats the price where one of 'teams' defeated the other one but it's more then that?