Daily Bias + No Trades Today

Daily Bias + No Trades TodayLesson 6 of 105 min read

The one worth watching

The market that gave the best reading of the day, the three marks stacked over one band, and the trigger written down before price arrived.

Gold produced the best reading of the day. It is also the market that never gave a trade.

The reading

The weekly and the daily are still sellers, unchanged from module 54.

Price closed the runner at 2,613 and kept travelling up from there, which is a retracement inside a fall rather than a change of side. Module 43 already covers why a rise inside a bearish reading is not a contradiction.

A seller's market, with price travelling up into the zone it would be sold from.

The zone

The 15 minute order block sits at 2,622 to 2,628, inside the daily block at 2,618 to 2,630, with an empty range at 2,624 to 2,627 inside that.

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