Pre-market, Tuesday, February 9, 2021
Good morning traders!
Current trend on a 20 days range is stabilizing to a up-trend, the VIX has increased its value since last nigh, what gives us the posibility of a regresion in a bullish market.
As expected, the market started to like a new range of prices, between 3900-3910 and then the market came and tested previous value area high. If we start to put some volume in between areas, we can expect to see this market go further down. IMO, we'll see thos revious 3 areas start to merge in a bigger one from 3880 to 3810, with VPOC around 3892. Will go Long at 3889, wrong at 3878, TP at 3908
Current trend on a 20 days range is stabilizing to a up-trend, the VIX has increased its value since last nigh, what gives us the posibility of a regresion in a bullish market.
As expected, the market started to like a new range of prices, between 3900-3910 and then the market came and tested previous value area high. If we start to put some volume in between areas, we can expect to see this market go further down. IMO, we'll see thos revious 3 areas start to merge in a bigger one from 3880 to 3810, with VPOC around 3892. Will go Long at 3889, wrong at 3878, TP at 3908