Opened with inside gap down and BRN BOF.
1) Could not take BRN BOF Long, as price moved up without
pausing, denying entry with sufficient
space with the range extreme of the previous day (last impulse) and PDC.
2)This up move resulted in PDC BOF. As the up move originated from a strong BRN BOF, wanted PDC
to be strongly tested once more before shorting. But this move also quickly
moved and hit the target, BRN
3)After a prolonged consolidation, price spiked up causing
another PDC BOF with low penetration. Did not take this BOF too, as I expected
the consolidation high to act as flip zone. Not to be. Price almost touched BRN
swiftly, probably due to the exit of longs trapped above the consolidation high.
4)There was yet another BOF at PDC. As the price consolidated for a long time before hitting DP, expected a the PDC to be tested once more. But price moved well breaching the then LOD.
So no trades for the day
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