Are we surprised? Here are the exact words from my last post:
We still have few more days and an unexpected shakeout is possible before the final move, perhaps on Friday may be?
It came a day earlier, but i think it was still a good call.
This is why i had my manual stop loss and TOTT ready in place. This time i've front-run TOTT and i'm taking my second short after the SC bounce. The SC - AR trades are the easiest to take in my opinion. Even i can take it :) They define the top and bottom of the trading range.
So, now we have this new range bound condition, a possible wycoff accumulation with a spring down to 61-62k where everybody will start screaming bear market. That is when the new rally starts.
Because Darkest Hour Is Just Before The Dawn!
As always, trade safe and use the f**ing stop loss!