Daily Plan 3/1/23

2/28/ Recap

$3970-$3976 held as support all day and we formed a massive M shape setup on the 5 min and all day it played out perfectly.

$4000 and $4003 rejected and we have lower highs repeatedly usually day after day now.

3/1 Daily Plan

This is going to be a big day, bears are taking control line in the sand is recent lows at $3947. Under that a water fall effect begins.

Scenario 1 - If bulls let go of $3947 and $3954 it is a free fall to $3930 and $3921. That would be last line before a lower movement if $3917 is breached.

Scenario 2 - Bulls need IB close over $3976 to test a little higher into $3986, $3994 and try to break $4000-$4003 again.

IB close is Initial Balance Close (First Hour Of Trading)

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