RPB of Y-PVAH in Previous Day.
Bulls are still weak. Weekly attempt to go rotational failing.
- Poor Low
- Value migration lower from CVA
- O/N Rejection of the 1/28 CVAL // Failed Acceptance back above // Failed IBU (BACK TO VALUE)
- As soon as we return back into PVA looking for PVAL, then Poor Low, then IB-D
Components of This Trade
- Macro Conditions Bearish
- Recent Key Rejection of Y-PVAH
- Recent Key Rejection of most recent CVA after failed IB-U Attempt in the O/N session.
- Order flow and price action bearish.
- Breakout fails and we accept back into PVAH, short on re-test.
- Poor Low on the PVA to act as the conviction to hold past PVAL.