Disclaimer: For educational use only. I’m not dispensing financial advice. We are having an intellectual conversation (you and I) on the topic of trading the Emin futures using the Lens of Wyckoff Principles and the Eyes of WB’s clock. The clock that controls all turns intraday, every day!
The bulls were unable to bring it today, so the bears took their try. Blame it on Tech they say? So sure, A bid came in at the big 4700 even. Let’s see how today fares. By my eye, looks like we just needed to test that previous low. However, the ease of movement was to the downside and that never faires well for the bulls. Today is the end of the week and the beginning of a new cycle.
Looking Forward Friday, January 13, 2022
Currently trading around 4700 big even handle. This is a natural location for support. However, if it is lost you could see 4650 or lower today or next week. That was from last week and yesterday still trading around that area.
At least we were around 2:30 pm yesterday. Today, you could see further downside activity to test if any additional support will show. Before taking it lower?