jan 11 - prep

- friday we had a rally high @1269.00, after a sell off from the top of the BA (acceptance below signifies pressure to the downside; acceptance above signifies the rally has been validated and higher prices could be seen)

- yesterday we opened below rally high, but after a poor low at the bottom of the BA we manage to climb up to friday's VPOC which acted as R, in a balanced day

- carry forward: poor high; poor low

- ON built acceptance above midBA and went all the way up to BAH, shaped as a DD

- BA scenarios applies;

- monitoring OF for buying (continuation with initiative buyers) and breaking out of BA@1172.50. Levels to get long for a valid break: 1268.75 as separation between ONDD; 1267.00-1265.75 ONPOC & VPOC; 1265.25 midBA; 1264.00 POC

- monitoring OF for failure to BAH and return to the opposite extreme; sell levels: 1174.50-1172.50, with monitoring for breaking levels below and price acceptance at lower levels

- monitoring OF for the scenario when price just looks above BA and fails