FEBRUARY 25, 2022 — FRIDAY AM
The ES and NQ both rejected prices below their respective key range lows in the previous session, which could trigger a 1-5 day rally back to the key range midpoints. Bulls need to keep the key range lows bid in order for further strength to be seen. Crude Oil experienced a tremendous rejection of prices above 100 yday, and is within 1.5 points of wCL at 90.50, which has been a magnet for price. Both BTC and ETH put in bullish rejections in the previous session, and could be headed higher over the next week. BTC needs above 40k, and ETH needs above 2800.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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