Ive marked a 6 weekish trading channel to try and step back and understand whats happening. Pretty decent channel has emerged. Manipulations all along the way so the high leverage stuff is still very risky but patience improves things. The bull trend is nearing this channel top and if it holds true should see one more leg up to 9600 ish and then dump to 8600 ish. If it dumps it will be short lived and then blast up past 10K.
There is a fair bit of bull momentum so great opportunity to ride a short and catch a piece of a big bull trap. Im not betting against market momentum yet though as it is still trending north... but ready to switch short if I can catch the big red on its way down the liquidation train.
I missed my last couple so hoping this one holds true!!
There is a fair bit of bull momentum so great opportunity to ride a short and catch a piece of a big bull trap. Im not betting against market momentum yet though as it is still trending north... but ready to switch short if I can catch the big red on its way down the liquidation train.
I missed my last couple so hoping this one holds true!!