AUGUST 06, 2025 — WEDNESDAY AM
The ES, NQ, and YM have reached their respective midpoints of last week’s ranges to complete new key ranges at these highs. These key range will help the market build some energy for the next move, which could actually be up. Watch the YM, for signs of strength after the recent pullback, as the next 3000 points may come out to the upside, with a target of around 46,500. This week will be important to see if we can find strong lows to work from. Crude Oil may be dipping into a short term buying zone soon, and Gold is still trying to build up for a breakout move. BTC and ETH may see another round of strength IF the market can withstand this current pullback.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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Sir pls kindly explain. If price go above H5 and then reverse back below H3 , can I short and take target at L3.?