Sundays open price:

We have a weekly commentary every week, from the weekend we don’t have the luxury of
seeing Monday play out for judas swing measures etc. so I am going to make this document
to really focus on how to rectify your bias. We use Sundays open price to rectify weekly bias,
whatever we touch on here w=can also be applied to the daily candle to.
The above pictures show the 1H chart for the DXY and EURUSD respectively. The horizontal
black line you see outlines Sunday’s open price which is 5pm Sunday (when the market
opens). This is the opening of the weekly candle and we like to mark this out. Now you need
to identify where the PD arrays are in context to this price. Let me show you.

On the EURUSD this red boxed area depicts a daily rejection block. Now using the Sunday
open price and seeing Monday trade into the rejection block and Tuesday come and trade
lower back towards/under Sunday’s open price shows that the move into the rejection block
was likely the manipulation of the week and you can expect expansion lower. Now
understanding all of this context: Monday traded into a rejection block (premium array
daily) and Tuesday moved away towards Sunday’s open price you can rectify the weekly
direction. Usually by Tuesday it is clear. Now in the picture above of EURUSD I have drawn
what the weekly candle looks like. As a trader now you have to make the decision of where
is this candle likely to expand now? Does it look like it should continue and expand lower for
the remainder of the week or should it reverse again and make a new high for the week?
Using the opening price with the higher timeframe arrays marked out is a very easy way to
understand where the candle is expanding. A week where mon/tue/wed are all
consolidated around the Sunday open price is usually a very choppy tough week just like last
week.

Use this in line with the weekly commentary if you ever need to rectify the bias. Not all of
you are in the group chat yet where I am vocal if we ditch the initial bias of the weekly
commentary. If you are new and reading this and this seems extremely confusing do not
worry, continue on with all the content and it is taught later on and you will come to
understand it better as you progress.

Using the weekly open price also helps gauge Friday back to range days. If Thursday hits a
PDA and moves back to the range then remember Friday is likely to come back inside of the
weekly range. Using the opening price and PDA is very nice. If you have a bigger sized
monitor where you can have the weekly open price and the higher timeframe PD arrays
marked out and see how you displace away from them you can have an advantage in terms
of seeing daily/weekly expansions. I hope this helps clear up any confusion you guys have
with Sundays opening price and how to use it. Again if you are one of the new people who
joined in this enrolment this is likely to be harder for you to understand and you should
focus on getting through the content to chapter 4 first before really trying to watch a chart.

Last point, the opening price can also be a target for you. Say for today we were making our
way back to Sunday open price after hitting the rejection block, we have to CROSS Sundays
open price first before expanding to the other side of it hence the opening price can be a
target. Likewise, the same is true for midnight open for the daily.

For the people who are comfortable with this now and are up to date study weekly candles
on the 1H timeframe how I have shown. See how on bullish weeks when you trade under
Sundays open early in the week and then displace back towards it the other days are clear
expansion days.