The thesis for the opening bell are still the same relative with the overnight session, we are opening on the previous high, the overnight price move is 90% long and the overnight POC is not prominent (the chances of a break are high).
I expected a correction in the beginning of the session to get involve in the long side, previous POC ( 3376,75) could be a support zone for that move, the poor range extension (3397,25) and the weak - poor high ( 3413) from thursday make me think that if we break yesterday´s high it wolud be the places to target.
The other hand, if we not get the correction we can wait for a rotation above previous high to target previous weak and poor points.
Levels of reference:
Previous high: 3392,5
Previous POC: 3376.5
Thursday´s range extension: 3397,5
Thursday´s weak high: 3413
I expected a correction in the beginning of the session to get involve in the long side, previous POC ( 3376,75) could be a support zone for that move, the poor range extension (3397,25) and the weak - poor high ( 3413) from thursday make me think that if we break yesterday´s high it wolud be the places to target.
The other hand, if we not get the correction we can wait for a rotation above previous high to target previous weak and poor points.
Levels of reference:
Previous high: 3392,5
Previous POC: 3376.5
Thursday´s range extension: 3397,5
Thursday´s weak high: 3413