The end of capitulation will be visible by a slow hammer.
Look for minimum 1day chart hammer with a long wick , next candle green then jump on board the rally Train , be prepared for this cycle to repeat over and over again before the true bull market returns
The slug fest continues on the daily and the weekly isnt much better
I normally post only on the daily but nothing is lighting up
So pulled all the way back to monthly
And low and behold flag formed with indicators pushing up bull break out incoming
The punch up between TA and 10 k continues
Trading narrows and we wait for the knock out blow, those who know your options spreads may want to set up now, which ever way it goes i feel it will be sharp and quick
As suspected , stunted trading zone , bulls and bears fighting it out.
10500 is the 50% mark on the body of the last green candle.
I am using that as the lead indicator at this stage looks very much like a bull charge, no price target for out trade running with a tonne of alerts and quick trading.
moving up the stop loss on previous trade
moving from neutral to bull
1.5% stop loss still target now from price action not entry , price target to harvest 50 % the move to open end trailing stops on shorter moves $10 550
if current downtrend breaks through 9100 strong short trade if trend reverses before 9100 strong up trend
1.5% stops on either trade with a 12-15 % target
The sideway drift looks to be coming to an end, im re entering here with first target of 11k , medium stoploss -50% profit take at 11k with tight trailing stops from there
