APRIL 20, 2022 — WEDNESDAY AM
The ES and NQ are both trading just above yHI, which sets up a potential FNH and a Fade After Trend Day setup. However, rejection of yHI has not yet occurred, as countertrend bulls hold firm. Crude Oil failed at the 105 level yday, which opens up a return to support in the 94-95 zone. BTC and ETH are both stretching for wHI ahead, but overhead resistance may hold prices in check.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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