POC tested…in balance. Which way will she go???

This new weekly chart shows the Point of Control being tested already. The green arrow is upside potential (assuming the supply range holds) and the red arrow is the downside potential (assuming the green support levels don’t hold). Range bound is ok to make moves in, but either use the range extremes for entry and stops or employ some scaling method using the extreme levels as stops. Or use range breaks to enter of course…breakouts are a very sound way of trading. In range the market is said to be “in balance”, and when balance is disrupted it tends to move to the next level of “balance” for testing. Enjoy!