Pushing like its life depends on it.
Because it does.
Exiting the open above 2091.25 would have marginalized sellers. Probing it and reversing back under 2088.00 would have marginalized buyers. Since 2091.25 wasn”t quite touched before reversing back under 2088.00, the plunge to 2080.25 couldn”t marginalize buyers.
Exiting the morning”s bias environment above 2096.00 would have marginalized sellers. Rejecting its test back under 2091.25 into the noon hour would have marginalized buyers. But reacting down from testing 2096.00 entered the noon hour above 2091.25. Still no marginalizing.
Still no traction, either. So, this session remains vulnerable to wide fluctuation.
Now a dip under 2096.00 has been isolated to the afternoon”s bias environment — entering and exiting the window above it, with an interim dip below it. Its recovery has extended to a fresh session high testing 2099.50.
That”s another relevant level, and so we start again…
Having touched 2099.50, entering the final hour under it would still be vulnerable to reversing down. Otherwise, the potential for a short-squeeze is high.
