If it does I'll wait for a pullback to join the train up to 104100
If it drops below the purple zone then I'll follow the same rule...wait for pullback and go short down to 95K minimum with max 85K
If it exceeds the top blue line within the first 4 hours of opening the new daily candle going for 107100 instead of 104100
Obviously the price right now is playing between this zone - buyers and sellers consolidating until an institutional size order comes in and gets in charge
I can see a high of $88,900 maybe extending to a maximum of $89,100.
Price action will target the previous reconcilation area: $85,300 - $87,440.
Really big support area. It's going to be tough to go at this bottom level again.
If price manages to drop down, one thing is certain: 1) Institutions, Banks & Hedges are selling to secure the highest possible price. They need liquidity...as Monday started really bad on stock exchange.
After that we will probably keep the reconcilation area and keep swinging from $82,700 (MAYBE lower at $81,240) up to a maximum of $91,000 for the rest of the week.