Hi Traders,
We can see the usual sideways nothing burger that the weekend provided played out, technically the indicators are close to how they left off from Friday
YET retail would see price action and think 'well looks like support has held time to long'
No, the range is still within bounds and indicators also so the tipping point of rejection.
DONT TRUST WEEKENDS.
Time to short. Next looking to the 19k line but i don't think that will hold for long so should be able to keep the position open until we near 16-18k
Good luck
Asset Mastery
We can see the usual sideways nothing burger that the weekend provided played out, technically the indicators are close to how they left off from Friday
YET retail would see price action and think 'well looks like support has held time to long'
No, the range is still within bounds and indicators also so the tipping point of rejection.
DONT TRUST WEEKENDS.
Time to short. Next looking to the 19k line but i don't think that will hold for long so should be able to keep the position open until we near 16-18k
Good luck
Asset Mastery
Note
ALSO note the ASIA session tends to be a reversal of trend period,looks like the usual fake out to the wrong direction slightly before pushing back down.
Know when MM get to work so you are note the sheep.
Note
FYI New short entered 21540
TP1 18900 - 19200
TP2 16400-17000
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.
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.