This is my market structure/Median line chart stripped right down of indicators and moving averages and other studies to make it easier to view in simple terms. Every pertinent recent swing high and low that produces a Median line set has been marked on in dotted coloured lines ( and may not have any price interaction and can eventually be discarded but are all potential swing/ support resistance areas) but i am really only looking at three Median line sets of which the major ML set(A-B-C) is marked in slate blue with the inner quartiles. The Mod Schiff which gave us price resistance so effectively before on it's upper MLP (at point F) is marked in dashed purple at the midpoint of A/C-B -C. I am also now looking for short term price activity within the ML set E-F-D where we saw the last swing high/ price resistance at the confluence of the centre line of E-F-D and also the orange dotted ML set A-D-C. That most recent move from D to the centre line has now retraced 50% back down found support and now looks as though price may move higher to test the previous purple dashed down sloping Mod Schiff ML from the (Trigger Line/failure to reach ML) trade setup i illustrated on Friday 5 Feb and before.
Support at 69.50 has stopped a major change of trend( in my opinion) and the retracement from B -C to CD = 100%.
To me this market looks weak and at best seems to be going sideways.
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