CCI Swing

 




Bottom picking trade. Very steady slow grind lower for the month to big bottom around 150. Saw huge vol increase but no breakdown. Is also bottom of value area. Also have a TL break at entry on break of prev hi. Breaking downtrend line from Dec hi.

Options are seeing good vol today. Nothing dramatic but is there.

Not a ton of confluence on this trade but pattern is clear. Mean reverting trade. Expecting pop right from the start to come back and retest old bo levels, ultimately 161 for big anch vwap retest. 

Will be out under 152.50 if holds under

2nd day

held strong on market open weakness, made new hod, trying to add. 

And did as we made new hod. 

Later on retraces slowly to vwap, made real nice TL as market drifted higher. There is clear strength here. Added on TL break up with vol. 

Dipped lower to retest prev hi right at vwap. Saw big vol increase as we reclaimed, added again. Stop is tight for these adds. 

2nd day

Strong open, reclaimed good HTF zone with flag and added in again. 

Important to gold above 153.50 area, if cant, probably need to be all out, down too much, not enough ripping higher. Needs more strength. 

Turned lower lost zone, on its last legs here, if doesnt find it soon, all out. 

Holding ok, discovered new TL for us to break. This whole downtrend since beginning of Dec hasnt seen this much S hold price higher, looking ok. 


Turned up, made new hi, into prev hi, turned right back lost it all back under zone again. Same situation. 

All out as it turned lower from zone. 


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