Blog

23
June 2014
by Bernard Larouche
Category: Trend

6/23/2014 (EST)

Trading Day for June 23 2014


Here is today recap :

All time frames were one timeframing up.

Overnight inventory was long.

Market opened in balance inside previous day value so expected opportunities and risk small.

Open-test drive type.

Tempo was slowing around previous settlement ( the test phase ).

Day timeframe was in control of the market until we traded and accepted price below previous low which was probably triggered by short term traders ( 3 to 5 days traders).

Selling tail.

One timeframing down until H period.