The move has been made, we saw a strong push to the level I was initially aiming for, however I did not think they would pressure the agenda. If we take a look from the initial sky rocketing it was at around 26500 area using quarter theory to 27500. it falls right on it. The market close earlier than anticipated closing on a bearish candle, it was a weak bearish candle. We may see a gap taking liquidity and trapping a trendline for buyers. my area of interest that we can see being played off next week seeking that mitigation candle prior to yesterdays push. I will get more data on Sunday market open, however my bias is a short term sell.
Trade active
Trade active
As mentioned yesterday, we have broken off the range we were stuck in, we are now capturing liquidity from buyers. I will be looking for the buy once we have mitigated. My very own strategy will be then played out. We have created what I call a Sauron Tower right where the eye is. Close to 85% of the orders are being sold. We will see a massive push to the upside once we accumulate the jackpot.Trade active
We are getting closer to the liquidity but of course there has to be some selling money raided. This is a chess game..if you play against the big boys you will always lose.
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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.