ridethepig | Variation of Flow & Profit Taking
Updated
đź“Ś ridethepig | Variation of Flow & Profit Taking
When in the much disputed variation of covering partial longs, we can look for some shorts to play the pullback towards +/- 48,000 of an incomplete (iv) in a 5-wave sequence.
This point of view is based on a complete and understood notion in the concept of an underlying impulsive nature to the move. For this, we need to simply stick to the fib itself: the 261.8% has been our impulse target, so we need to track for signs of a turn which is the current situation at the top of our map. This is important and should be used as an area to do some profit taking/covering under any circumstances for those holding from way below.
The significance of resistance here in a situation where we are at approximately 60% bull market in the macro chart is a (3) wave temp high inside a (5) wave sequence. As well as creating energy for another slingshot later in the year, it is intimately linked to the manoeuvre handled by sharp sellers outguessing a temp high.
Thanks as usual for keeping the feedback coming đź‘Ť or đź‘Ž
When in the much disputed variation of covering partial longs, we can look for some shorts to play the pullback towards +/- 48,000 of an incomplete (iv) in a 5-wave sequence.
This point of view is based on a complete and understood notion in the concept of an underlying impulsive nature to the move. For this, we need to simply stick to the fib itself: the 261.8% has been our impulse target, so we need to track for signs of a turn which is the current situation at the top of our map. This is important and should be used as an area to do some profit taking/covering under any circumstances for those holding from way below.
The significance of resistance here in a situation where we are at approximately 60% bull market in the macro chart is a (3) wave temp high inside a (5) wave sequence. As well as creating energy for another slingshot later in the year, it is intimately linked to the manoeuvre handled by sharp sellers outguessing a temp high.
Thanks as usual for keeping the feedback coming đź‘Ť or đź‘Ž
Note
Note
Eyes on the pivot level for the European morning, with a pinch of luck we will get the dominos and break down. Note
Eyes here for NYNote
-7.5% and counting today!Note
Trade closed: target reached
TP1 HIT!Note
Note
We are closing the daily right on our 54,000 pivot. Very telling. Note
For those following the BTC iterations: 
Note
Heads up as we approach 
42K
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