I wrote yesterday ‘In the shorter timeframe there is a 15day Control at 6668, and price relative to that level is worth monitoring‘. You can see from the chart that 6668 was Resistance yesterday and the Value Area (VA) was generated entirely below that level.
That’s not great price action. That minor Control has now migrated slightly lower to 6657 and the first indication of strength would be time spent above that level.
read this post on Substack
