Pre-open Tuesday 18th August
Monday’s Value Area was lower but narrower (so was Friday’s) and the most recent imbalance was Buying (green). Based on this and the fact that I have not yet marked Effective Selling (since July low) I must assume that the Buyers are still in control and will respond.
The structure of each week since the July low has been typically bullish; i.e. relative weakness early in the week and relative strength late in the week.
