A textbook reversal?
Updated
Volume has been steadily decreasing for 9 consistent weeks.
We expect the new Unemployment report on the 5th of June.
I am a complete noob and due to my close to textbook understanding without too much technical analysis I would arguably say that what is happening right now is too easy to spot.
Therefore, a lot of people believe this will crash hard and this is why I believe a technical breakout above 3000 is possible as the last push due to its psychological value to squeeze shorts. If that happens, I don't think it will surpass 3100 and an ATH in the near future should be outright impossible.
If it goes higher just sell it and have your stop loss close to the ATH. I can't even think of a conceptually, riskless trade in this environment. Please correct me if any of this is wrong.
Almost graduating, would be nice for this to play out. If not, well lesson learned. WATCH CONFIRMATION
We expect the new Unemployment report on the 5th of June.
I am a complete noob and due to my close to textbook understanding without too much technical analysis I would arguably say that what is happening right now is too easy to spot.
Therefore, a lot of people believe this will crash hard and this is why I believe a technical breakout above 3000 is possible as the last push due to its psychological value to squeeze shorts. If that happens, I don't think it will surpass 3100 and an ATH in the near future should be outright impossible.
If it goes higher just sell it and have your stop loss close to the ATH. I can't even think of a conceptually, riskless trade in this environment. Please correct me if any of this is wrong.
Almost graduating, would be nice for this to play out. If not, well lesson learned. WATCH CONFIRMATION
Comment
3K has been breached. Expecting to go higher.AI trading will pump this due to momentum. Jesus what a world we live in.
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