The downward movement continues to be a medium-term impulse. This allows us to consider any growth as an opportunity to sell the instrument at more favorable prices. Today's fall has led to going beyond the limits of the weekly average move, which could make it possible to sell the instrument after returning to its limits.
Work in the downward direction may become the main one for several months, so you need to look for opportunities to buy with extreme caution and limited profit zones.
An alternative model will be developed if the closing of today's trading occurs above the opening level. This will create the conditions for the formation of an absorption pattern and will make it possible to close the price gap formed at the opening of today's trading.
Daily CZ - daily control zone. The area formed by important data from the futures market, which changes several times a year.
Weekly CZ - weekly control zone. The zone formed by important marks of the futures market, which changes several times a year.
Monthly CZ - monthly control zone. The zone, which is a reflection of the average volatility over the past year.
