Market Context :
- Day - 2-day down time framing
- Week - 3-Week balance ( 59.05 - 55.75 )
- Month - 3-Month up time framing
- We are trading below last 2 Month POC ( 57.35 ) and last 4-Week POC ( 57.72 )
- Day Buying Tail from 12/06
- Short term traders : Short
- Overnight : Short
- Gap down
- Conviction : low
- We were trading near the 3-Week balance low.
- Down Tempo was extremely low after open.
- We left a poor low warning of possibly "too short" condition.
- Rejection of the low as we traded back above the day open and the merged POC from 12/6 and 12/7 merged profiles ( 56.28 ).
still in a 3-Day one time framing down condition. Good Trading !