Possible Completion of this stage of drop.
We have a nice 5 leg drop so far and now we're current threatening the double bottom.
If we fail to make a new low today I think we'll trade 6080 again.
Picked up longs and lotto calls today.
Would love to see this bounce for a short.
Out my shorts accumulated during the drop.
If we fail to make a new low today I think we'll trade 6080 again.
Picked up longs and lotto calls today.
Would love to see this bounce for a short.
Out my shorts accumulated during the drop.
Note
By the textbook, this is what's "Meant" to have happen in a bull trap.
Those textbooks were written a while ago, upon some consideration I actual prefer the bat setup.
The bat is the more common bull trap in current times.
A bull trap that makes a new high. Ruthless.
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Find 15 free strategies here: holeyprofitnewsletter.substack.com/p/strategies-parent-thread
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Find 15 free strategies here: holeyprofitnewsletter.substack.com/p/strategies-parent-thread
Disclaimer
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.