Pre news is all about the range
If PA can’t reclaim the local value area low at 2031 and get back into the range I think we are very likely to move down and find support at the untapped weekly.
If we do manage to get back into the previous range I would expect to hit the value area high at least.
Once the news hits though it’s anyone’s guess and I will not be trading the news event as it’s a bit of a crap shoot which direction it will head and then reverse and consolidate once it settles
If we do manage to get back into the previous range I would expect to hit the value area high at least.
Once the news hits though it’s anyone’s guess and I will not be trading the news event as it’s a bit of a crap shoot which direction it will head and then reverse and consolidate once it settles