Weekly Recap 12/19/22
Right back where we started
Overall this week has been a roller coaster even when noting failure to make direction. We noted early on of the value sitting at 3842 - 3895 which was actually brought about out Thursday of last week! Here’s a look at how this week went and remember all content is now moved onto TradingView.
I marked the value high (Red) at 3895 and the value low (Green) at 3842 to show how price reacted throughout the week. Now we can see we had clear breaks of the VAH & VAL. We also noted what we would do for these scenarios as this may lead to a 100 handle move up or down. This was added to Weekly Outlook on Tuesday:
Breaks of Value = 3912 or 3813
Long 3912 > 4007 *Note: POC is at 3968 expect sellers*
Short 3813 > 3767
Let’s take a closer look overall how this week went so we can see how we built up value relative to the levels given.