Essentially i want to see price run those highs above the blue horizontal trend line. After, i would like to see late bulls punished. Then, a period of consolidation. Followed by another run up to the pink box where we either reject at the npoc or break through targeting the highs.
Looking to short once the highs are taken, then long the lows of the consolidation.
In the Macro sense, we are at a decent point where we can have a nice run to the 30k's. On the Monthly VRVP, we could go from the current high volume node to the the next high volume node, which is essentially the range from 30k to around 50k.
With that in mind, I am looking to take long positions more-so than short positions expecting a trend change, at least for the short-term.
Looking to short once the highs are taken, then long the lows of the consolidation.
In the Macro sense, we are at a decent point where we can have a nice run to the 30k's. On the Monthly VRVP, we could go from the current high volume node to the the next high volume node, which is essentially the range from 30k to around 50k.
With that in mind, I am looking to take long positions more-so than short positions expecting a trend change, at least for the short-term.