ES TO FILL POOR VALUE OF B-PROFILE AND POSSIBLE SHORT
so far everything went well for buyers but slowly coming to a point, where we may see possible short trade.
Sell has tested the double distribution poor value are and got slammed by buyers. Buy tried to push to upper VAH of double distribution area but there was capitulation during Friday.
So following scenarios:
1. no SELL 4438 is going up to 4487. because this poor value area can be a painful two way trading upwards.
2. SELL enters and rides below 4438 but BID enters again near 4415 => BUY painful grind up to 4487 to fill poor value area in double distribution
3. SELL passes 4415 keep on holding to 4372 (VAL SELL)
4. Level 4372 if BID enters go up to 4412
5. OFFER keeps 4372 short down to 4349 / 4324 (beware there may be another buyer attack here)
6. below 4324 down to 4286-4277
Sell has tested the double distribution poor value are and got slammed by buyers. Buy tried to push to upper VAH of double distribution area but there was capitulation during Friday.
So following scenarios:
1. no SELL 4438 is going up to 4487. because this poor value area can be a painful two way trading upwards.
2. SELL enters and rides below 4438 but BID enters again near 4415 => BUY painful grind up to 4487 to fill poor value area in double distribution
3. SELL passes 4415 keep on holding to 4372 (VAL SELL)
4. Level 4372 if BID enters go up to 4412
5. OFFER keeps 4372 short down to 4349 / 4324 (beware there may be another buyer attack here)
6. below 4324 down to 4286-4277