Cubbish Pressure Building
Updated
Short bias still present. Evaluating the Elliott sequence this morning. It's clear to see we are in a Monthly 3 move up. So Bullish bigger picture.
However, we have now had a daily 5 push-up. (see previous posts).
This 5 wave completes a weekly 3 drive. In the world of Wyckoff, the UTAD creation on a distribution schematic daily.
All of this coupled with last night's COT release.
See more technical analysis & details in the related ideas below;
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
However, we have now had a daily 5 push-up. (see previous posts).
This 5 wave completes a weekly 3 drive. In the world of Wyckoff, the UTAD creation on a distribution schematic daily.
All of this coupled with last night's COT release.
See more technical analysis & details in the related ideas below;
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
Note
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