Very interesting price action today. It was really a setup that I look out for: I call it the "push & pull" situation. It basically means that we get a (bullish) push, we see loss of momentum and then we try to look out for the reversal (=pull). This basically just goes off of market theory and fundamental price action: One side gets really excited and buys/ sells a lot, then after the push happened they lack buyers/ sellers - so then the other side takes over.
It's a bit more complicated that that (+ all the technical factors like all time highs and POI's etc.) but it is a cool setup to look out for.
And obviously, I only look for a bullish push followed by a bearish pull - I only sell short.
It's a bit more complicated that that (+ all the technical factors like all time highs and POI's etc.) but it is a cool setup to look out for.
And obviously, I only look for a bullish push followed by a bearish pull - I only sell short.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.