<aside> <img src="/icons/reorder_gray.svg" alt="/icons/reorder_gray.svg" width="40px" /> SMT / PO3 / Smooth edges /
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We have an SMT Divergence with MESH2023.
If this level stays open, and if we get above the short-term high right there, because if we do, then it's likely to take out these relative equal highs. See, in retail books and educators that teach support resistance, they're going to see that as resistance. We had our our initial high at 8:30 NFP release, then later it went up here, stopped, dropped down aggressively, so naturally, anybody that wants to make money, they're going to think, 'Get short,' and as long as it doesn't go above the Highs, you're good, got a stop loss up there, it's fine**. Well, we attack retail logic and theory because it's based on fallacy. It's based on things that aren't making the market move higher or lower. It's providing bulls-eyes and targets for people to hunt liquidity.**
The opening price at midnight, New York local time, that is your daily opening price. You don't care what TradingView's opening price is. When you put on the daily chart and look at the daily candle's opening price, that's not accurate. That's hours and hours away from what it is that the algorithm is going to refer to. You want to have New York at midnight as the opening price. Just pull up a 15-minute time frame, and you'll have it. So you want to have that price noted.. 💎If we're bullish, by having this level on your chart, you want to be buying at that level or beneath it. In the worst case scenario, you want to be buying near it. We are expecting the accumulation phase on The Daily range to occur below MOP 0:00 EST.
