Peter Kani - Insight into the Gore as Dragon goes South, South!
Bear goes to Market is just like a Dragon in a china shop...will obviously target the red horizontal set of lines on chart(144.35, 143.60, 142.55) and possibly down until around 141.23 - 140.90.
Bears will be more to happy to see price around 135.40 - 133.22 which is the likely eye candy but first must deceive and defeat any opportunity Bulls which are bound to lurking around those horizontal lines on chart as mentioned above, it is crucial here for Bears to maintain Price for a sustained period of time, especially below 140.90.
- This is the long term view initially emanating from the gap of 16 -23, April 2017 to question the Hagopian Rule.Be mindful all this could unfold in Ranges or otherwise, perhaps a mixture of both.
...Ok see the next chart on my take on this dance routine by the Dragon, in other words - How to Trade it! in the comments section.
Bears will be more to happy to see price around 135.40 - 133.22 which is the likely eye candy but first must deceive and defeat any opportunity Bulls which are bound to lurking around those horizontal lines on chart as mentioned above, it is crucial here for Bears to maintain Price for a sustained period of time, especially below 140.90.
- This is the long term view initially emanating from the gap of 16 -23, April 2017 to question the Hagopian Rule.Be mindful all this could unfold in Ranges or otherwise, perhaps a mixture of both.
...Ok see the next chart on my take on this dance routine by the Dragon, in other words - How to Trade it! in the comments section.
Note
Sell at market or wait if conservative and watch for rejection around 145.80 to enter if seen, (if rejection was unsuccessful then this could also translate to cutting loses for current sellers). Ideally, Stops above 147 is prefered, take a 2nd Profit Target 143.8 if you like.
Note
..get asked all the time, Peter Kani, Peter kani, how do you do it? well, in the analysis above (i quote myself)"This is the long term view initially emanating from the gap of 16 -23, April 2017 to question the Hagopian Rule,"
I posted a chart here on Tradingview with time-stamp and all, traders see lots of charts including theirs, during the course of the day so lapses are almost inevitable
Note
pls send notes on chart, and play forwardNote
Had to pull up old charts to show the Gap and method applied for the analysis.Note
142.55, nicely achieved, thanks v muchAug 3
Bear goes to Market is just like a Dragon in a china shop...will obviously target the red horizontal set of lines on chart(144.35, 143.60, 142.55)
Note
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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.