MyPivots
PT
pt_emini
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Example for discussion thread on price congestion and breakouts from an established value area.
DA
day trading
Rep: 39,586
Posts: 6,369
Well my read of this is that we break out of Value Area (to the downside) so we're looking for a short on the retrace to the VAL. Another thing that you don't have marked on here but I would be looking for is the break of the IB and looking for a retrace to get short for the next move down.