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This is trading the New York Open and we
have an overnight point of control and
overnight valley area high level both
stacked up at this upper portion of the
range here. Now you can see that node here
has developed across this overnight valley
high overnight point of control. That
level broke, we went through to the
downside and came back up to retest from
the underside. So same thing, support now
turns resistance. We have one, two, three
confluences, overnight high, point of
control, high volume node, making that a
perfect A-ranked short. I get short at 6
.82, quite an early entry, eight point
stop. All right, so a little bit tight on
the stop, but targeting a one-to-one for
the initial trade, taking off those first
two contracts there as it came back down.
Got that nice reaction and flush from
those levels, came back down. First couple
of contracts taken off and I moved that
stop to break even and held a runner down
towards the overnight valley area lows
before it reversed and came right back up.
Also an example of a great area to exit as
price approach that support level
overnight value low, that's where you get
your reversal.
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