Cobra Kai?
Weakness showing on HTF now, losing Key MA. I'm still macro bullish, but how many would be prepared for a dive down into some lower swings/supports? Potential is there if we dont start reclaiming some LTF moving averages and soon.
Wouldnt be surprised to see a small push up, catch some late longs out and drive them down for squeeze - seeing alot of narrative behind ETF , which if delayed will only drive the impatient away.
Liquidity below, how could see many puke positions in the very late $teens only to see full reversal for a deviation play.
time will be my only judge.
reclaim of Daily MA for me to re-assess my bias.
Weakness showing on HTF now, losing Key MA. I'm still macro bullish, but how many would be prepared for a dive down into some lower swings/supports? Potential is there if we dont start reclaiming some LTF moving averages and soon.
Wouldnt be surprised to see a small push up, catch some late longs out and drive them down for squeeze - seeing alot of narrative behind ETF , which if delayed will only drive the impatient away.
Liquidity below, how could see many puke positions in the very late $teens only to see full reversal for a deviation play.
time will be my only judge.
reclaim of Daily MA for me to re-assess my bias.