EZ2023, long till upper stops.
We are approaching last month's 50% retrace and the region where longs positions got trapped. There is not a whole lot of volume traded here for the past 2 months. I expect some selling to happen as we start to fill in this inefficiency, however, the bigger reaction I expect to happen when we get to last month's point of control, where inventory is stuffed at in the upper shelves.
Looking for longs until we take out the upper stops and start to get near last month's POC seems to be the best practice.
Looking for longs until we take out the upper stops and start to get near last month's POC seems to be the best practice.
trader itcha
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.