Post-open Review… Tiny exit door.
Race for the exit drives price sharply lower.
Not opening positive had already avoided one bullish setup. Opening within the 2034.50-2039.75 range still could have recovered the 2039.75 bias-down signal to avoid triggering. But remaining within the range made a probe under overnight lows likely.
Probing overnight lows still could have recovered both 2034.50-2039.75 bias parameters. But it had become a little late for that, and the bottom dropped out.
Dropping all the way through 10:15 fulfilled every bit of potential to the 2025.00 area, including the room for noise under it to 2023.25. The weekend’s impending illiquidity can accelerate afternoon intentions to fuel morning trends.
Oversold RSIs at the low doom any bounce to failure until the low’s retest. Not holding the low’s retest would next target 2012.00. If a bounce does form, it would benefit from future selling pressure having been accelerated into the morning.
