Santa brought some gifts to help the bulls

What are your thoughts? This is purely based off of fundamentals.

Santa came to town and the bulls had a lot of fun. They look extra motivated. Maybe they have a little something in their morning coffees. Whatever it is, they're ready to riot.

Am I delusional?

I guess there's only one way to find out.

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Currently price looks like it is being protected at the highs and is more likely to sell from current prices.

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The bulls partied a little too hard on the weekend and were late to wake up on Monday.. They did what they needed to due to cure their Christmas Hangover and are ready to end the year strong.

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The bulls have stepped in for now, at the least, this could have been a position that is moved to BE and no risk is left on the table.

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At this point, our trade would have reached our high - which would be our first profit taking area using the 4 step strategy.

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After completing our 4 step pattern - price broke structure aggressively to the downside creating a nice break and retest zone. I was expecting prices to go higher, and I still wouldn't be surprised to see them go higher but you don't want to go against a trend when the momentum shifts for the short term.

justlivingmylife

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justlivingmylife