Market Plan for September 13th, 2023
Good evening folks,
We had an ecstatic day as the market ranged between 4470 and 4490, ping-ponging between these two supply/demand zones. I did not hesitate to go long and short multiple times, fading each time we rallied to 4490 or dropped to 4470. Yesterday’s plan:
We would need to break the uptrend to confirm any more downside. This starts with 4483. If 4483 breaks, the next level below is 4475. Once we reach there, the bounce is over. We will either keep going down or range for a while.
While most got chopped up in today’s range, we took several low-risk, high-reward trades:
All of these were done using only price action and the supply/demand levels from this newsletter. Tomorrow is the long-awaited CPI, which will cause tons of volatility. Let’s create a tomorrow’s plan to profit from this volatility: