Outside Green Bar - Don't Overstay Your Welcome On Shorts
It's at the prior 4 point which is a high probability bounce zone for the c point. If you had a short from the 5 this would be a great place to tighten protective stops because it's got a strong chance of snapping back with a short covering rally which will form the 1 wave of the next leg upward.
This is a bull year in the 4 year cycle so shorts are actually against the overall macro trend. This large outside green day bar means the bulls consider this their territory and are not looking to allow lower prices.
This is a bull year in the 4 year cycle so shorts are actually against the overall macro trend. This large outside green day bar means the bulls consider this their territory and are not looking to allow lower prices.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.