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.
Note
Bulls got a bit reduced today and below our dashed line, let' see how this unfoldNote
Margin Bulls just exploded even with recent correctionNote
Heavy correction going below the MA50, you could say it is now bearish market but not too much spot actionNote
Circles are doing a good job here, looks like it is going for a 4th wave hereNote
Maybe not a 4th wave if it leaves the red 0.236 Circle fib upwards. It's a bit tricky at the moment.Note
Bull margin going up with with market going downNote
Market still heavy on the buy side, not clear when this possible 4th wave will finish, maybe after futures expiry on friday.Note
Leaving the 0.618 circle fib bullish looks like this is the end of 4th waveNote
Margin is increasing on the bear side since exit from 1.0 curve.
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