Big Gap Down Open
The E-mini Opened On Tuesday With Big Gap Down – Around 50 pts
Reversal On The open
After The Bear Gap Down Bears Continued Selling With Big First Bar but The Second Bar Closed With Huge Tail And Close Above 50% Of The Bar Range
Followed By Another Big Bar Testing Last Friday Low’s Where Bulls Show up with Weak Bull Bar On bar 4
Then Bar 4 Got Strong Follow Through Bar Closing Above Bear Bar 2
Trading Range Followed By Immediate Bull BO
After The Close Of Bull Bar 5 I Expected A Range as Bears Showed up With Bar 8
But Bulls Bought again Making It PB Bar Breaking Out The Opening Range Forming Strong Spike
Overall View
After The Strong Breakout Of The Opening Range Bulls Left Open Gaps That Bears Couldn’t Close
As Sign Of Strength And Bulls Formed Spike&Channel
The Spike Was Strong Enough For HTF Bulls To Get Second Leg Up To The HOD
Forming Wedge Top The Transitioned To TTR To The EOD Followed By Late BO
