๐ผ Daily Technical Picture ๐
โค Equity prices moved side-ways last week. This is good news for the Bulls. As prices have held within a tight range, there is so far no sign of a "Change of Character" or CHoCH.
โค The CHoCH concept comes from Wyckoff analysis. It describes an abnormal price bar or set of price bars that moves against the recent price trend. A major pause or a change in trend often results from a CHoCH. I do not see this with the current price action. This would infer Buyers are accumulating equities for a push higher. My trading signals agree as I added long positions across the board in all indices that I trade.
โค Of course, nothing is set in stone, I'll have my fingers close to the exit button in case price action shows a change in the Bullish narrative.
โค I currently have +102% long exposure in the market. The maximum portfolio exposure is +/- 200% on capital, the level of highest conviction.
โค Conclusion: All eyes will be on the Football World Cup but mine are firmly fixed on the Charts. ๐
โค Equity prices moved side-ways last week. This is good news for the Bulls. As prices have held within a tight range, there is so far no sign of a "Change of Character" or CHoCH.
โค The CHoCH concept comes from Wyckoff analysis. It describes an abnormal price bar or set of price bars that moves against the recent price trend. A major pause or a change in trend often results from a CHoCH. I do not see this with the current price action. This would infer Buyers are accumulating equities for a push higher. My trading signals agree as I added long positions across the board in all indices that I trade.
โค Of course, nothing is set in stone, I'll have my fingers close to the exit button in case price action shows a change in the Bullish narrative.
โค I currently have +102% long exposure in the market. The maximum portfolio exposure is +/- 200% on capital, the level of highest conviction.
โค Conclusion: All eyes will be on the Football World Cup but mine are firmly fixed on the Charts. ๐
๐ eToro Popular Investor ๐ฐ
โ Copy My Trades @ eToro, www.etoro.com/people/mrstocky
โ Verified Track Record ๐
Not Investment Advice
โ Copy My Trades @ eToro, www.etoro.com/people/mrstocky
โ Verified Track Record ๐
Not Investment Advice