Post-open Review… Groundwork.

Blip-down recovers from the abyss.

Pre-open action had continued sliding to test 2135.75. Post-open action — i.e. the first bar — spiked down from its 2137.25 open to pierce the overnight lows at 2132.75. No other bar probing under 2135.75 also probed a fresh low.

The probe of fresh lows was reversed back up to 2142.00. And that was extended up to 2148.25. Sellers didn’t gain traction.

Buyers didn’t gain traction, either. The 2146.00 bias-up signal was barely touched in time to invoke the grace period. But the no-bias signal held.  Already having tested the 2137.00 bias-down signal, an offsetting test of it isn’t required. But just as 2146.00 is assumed to be the next hour’s upper-end, testing 2137.00 should define the range’s lower-end.

Until the bias environment is within view of lapsing, 10-15 minutes before 11:30. Then breaking either way would be likelier to extend in that direction.