Good evening,
Today served as a solid confirmation that we might be experiencing a buying climax.
Several indicators have pointed to this:
1. We are observing a bearish pin-bar that is accompanied by significant trading volume.
2. Additionally, there is an evening star pattern present, featuring a prominent long-legged doji at its center.
3. Two weeks ago, we broke through a low, and now retail sentiment is beginning to shift towards long positions. It's common for retail traders, myself included in the past, to chase the highs and make purchases at elevated levels.
I believe the first key level market makers are going to push for is 1.088.
Best, The Pip Assassin!
DXY 
DAX
Today served as a solid confirmation that we might be experiencing a buying climax.
Several indicators have pointed to this:
1. We are observing a bearish pin-bar that is accompanied by significant trading volume.
2. Additionally, there is an evening star pattern present, featuring a prominent long-legged doji at its center.
3. Two weeks ago, we broke through a low, and now retail sentiment is beginning to shift towards long positions. It's common for retail traders, myself included in the past, to chase the highs and make purchases at elevated levels.
I believe the first key level market makers are going to push for is 1.088.
DXY DAX Note
1.088 as mentioned.Trade closed: target reached
Reach a while ago!
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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.
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.