3/19/24
Update: 3/25/24
Price: 91.0371
Analysis
Trend Analysis:
Move market bullish @5.14% expect 0.3% - 0.6% incline due to 3/19/24 N & release's, expect (-5.5%) - (-6.1%) decline there-after may see resistance or pull back
@ (+/-) 1.7%)
Update 3/25/24 -Move Market @ Previous lower low area where it touched this same area last year Feb, 2023 (only touched this area once). Bearish trend looks to end expecting reversal (inclined) ... Expect 0.4% - 0.73% incline
Update 3/29/24 - Daiily Chart, trend has good decline momentum expect to follow decline
Structure:
suggests buying @ current low state, but expect trend to continue its downward momentum
Update 3/25/24 - Trend is already +0.24% (area of volatility increase), with News & release This week expect to revert to (+3.55%) - (+4.5%) (inclined expectation)
Update 3/29/24 - Decline confirmed in structure.
Support & Resistance Levels:
Highs = 103.7823, 109.0178
Lows = 101.9801, 96.6218
Update 3/25/24 Highs = 91.6918, 92.6549,94.8817, 95.8249 Lows = 90.3777, 89.4849, 86.3687
Update 3/29/24
Highs = 86.5316, 86.9729, 87.2812
Lows = 86.1237, 85.6950, 85.3771
Crossovers & Moving Averages:
0.4% - 0.7%,
Update 3/29/24 - 0.04%, 0.08%
Risk Management:
(+/-) 0.25% = abort trade
Update 3/25/24 (-35% - (-40%) = Abort trade
Update 3/29/24 0.02%
News & Events:
Expect release to allow market to conform to +4.5% incline over next few days or so or somewhere around 3.55% - 4.5%
Update 3/29/24
EOM MAR Boston Bridge was Knocked down
Possible Scenario Analysis:
market continue to -0.73%, then jump 2.5% TP @ 92.6423, then incline another 2.2% Tp= 96.7823 Update 3/29/24
Continue to drop market by 0.2% expect to continue a confirmed short-term decline due to the bridge event
Objective & Targets:
Follow incline to 3.55% TP @ 94.8817
Update 3/29/24
-use 0.2% as entry & exit strat following flow of average.
YOLO:
Entry Point:
Exit Point:
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