Chart 1: The price regression from Node 3 through Node 2 has so far led to 3-days of overlapping value. This sets up breakout mode. (Also identified by Monday’s NR7 and the low 30 and 60min ADX’s)
Chart 2: Combined profile for the 3 days of overlapping value
Chart 3: Yesterday’s range was entirely within the value area of the Dalton balance period, which exhibits a well-defined bell shaped distribution. Watch for a breakout from balance.
SRS
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