Margin trading
Updated
This is a republish of my Margin trade analysis, with bulls about to make a new higher high. Let's see how this unfold and try some Circle fibs on it.
Comment
Bulls got a bit reduced today and below our dashed line, let' see how this unfoldComment
Margin Bulls just exploded even with recent correctionComment
Heavy correction going below the MA50, you could say it is now bearish market but not too much spot actionComment
Circles are doing a good job here, looks like it is going for a 4th wave hereComment
Maybe not a 4th wave if it leaves the red 0.236 Circle fib upwards. It's a bit tricky at the moment.Comment
Bull margin going up with with market going downComment
Market still heavy on the buy side, not clear when this possible 4th wave will finish, maybe after futures expiry on friday.Comment
Leaving the 0.618 circle fib bullish looks like this is the end of 4th waveComment
Margin is increasing on the bear side since exit from 1.0 curve.
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