Overview
- 4H/Daily Average Volume has been tightening over the last month and it finally expanded over the second half of last week's channel.
- Break above the Fair Value Area of the channel and Monthly Open available as support.
- Hourly has shown Delta Divergence on this initial dip.
- Net volume remained strong moving into this distribution zone.
- COT shows Large Speculators continuing to build long positions.
- Volume Profile left void down to high of last week's channel (108.26 - 107.87)
- Consolidation at current range is possible.
Entry
- DCA entry from 38.2% to 61.8% of the recent 15M structure.
Target
- Final target at Monthly Level above. Taking incremental profits on the rise.
Stop Loss
- Below Monthly Open
- 4H/Daily Average Volume has been tightening over the last month and it finally expanded over the second half of last week's channel.
- Break above the Fair Value Area of the channel and Monthly Open available as support.
- Hourly has shown Delta Divergence on this initial dip.
- Net volume remained strong moving into this distribution zone.
- COT shows Large Speculators continuing to build long positions.
- Volume Profile left void down to high of last week's channel (108.26 - 107.87)
- Consolidation at current range is possible.
Entry
- DCA entry from 38.2% to 61.8% of the recent 15M structure.
Target
- Final target at Monthly Level above. Taking incremental profits on the rise.
Stop Loss
- Below Monthly Open