Just back at desk to see what I missed after my own trading session ended some hours ago....I see price has stayed inbteween the Daily Pivot and yesterday's lo at only 50% of the 20 day average pip range...that pre-identified area 5930-36 indeed did see supply being daily/weeekly pivot and 3 x fibs of the major 4hr/1hr swings from 6297 to yesterday's 5837 lo, 23.6% of the 4hr swing 6260-5837 to name but one.
Recovery from 5866 has created a new 1hr swing lo to join a trend line to the current daily lo on this t/f. Any recovery above the current daily hi encounters those previous 1hr/4hr swing lo's starting around 5952 area.
Current near-term 1hr screenshot is below.
G/L
http://www.easy-upload.net/fichiers/...1117161444.gif
Recovery from 5866 has created a new 1hr swing lo to join a trend line to the current daily lo on this t/f. Any recovery above the current daily hi encounters those previous 1hr/4hr swing lo's starting around 5952 area.
Current near-term 1hr screenshot is below.
G/L
http://www.easy-upload.net/fichiers/...1117161444.gif
ex member