Key takeways:
Finally, we have a trend change to bullish + new key support established.
Initiating small long position (1/4) and setting agressive, leveraged buy orders in key support zone.
Swing/Midterm Trend: Bullish
Market Condition: Trend Change, first key support established
Key Support zone: 61300-60700
Notes/Observations/Issues:
Value analysis is divided on three parts which make three separate strategies.
Trend - midterm timeframe, following values as they build.
Market Condition - analysing value from overbought/oversold pov. Countertrend trades. Can be used to reduce Trend positions.
Key Resistance/Support - can be utilized in high leverage short-term trades, but also as good “add to Trend” locations.
Pre-Open Commentary distills key takeaways from the analysis of the London GEX and Structure posts and also serves as my personal journal (sort of).