Prior Session was Cycle Day 2 (CD2): Normal CD2 unfolded as price consolidated within core range between 3990 – 4030. Prior range was 43 handles on 1.189M contracts exchanged.
…Transition from Cycle Day 2 to Cycle Day 3
This leads us into Cycle Day 3 (CD3): Price will need to trade above CD1 Low (3997.50) to secure a Positive 3-Day Cycle. There remains further upside potential targeting the 4040 – 4050 zone. As such, scenarios to consider for today’s trading.
Bull Scenario: Price sustains a bid above 4020, initially targets 4040 – 4045 zone.
Bear Scenario: Price sustains an offer below 4020, initially targets 4015 – 4005 zone.
PVA High Edge = 4005 PVA Low Edge = 3992 Prior POC = 4000
*****The 3 Day Cycle has a 91% probability of fulfilling Positive Cycle Statistics covering 12 years of recorded tracking history.
For more detailed information for both bullish and bearish projected targets, please visit: PTG 3 Day Cycle and/or reference the Cycle Spreadsheet below:
Link to access full Cycle Spreadsheet > > Cycle Day 3 (CD3)
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