We are no longer respecting our strong buying continuation algorithms and therefore that tells me we will have a tougher time making new all time highs without further liquidity being built. Keep an eye out for a rejection of the bottom of these stronger daily algos as price attempts (with this bullish CPI data) to reenter them.
Happy Trading :)
Note
Beautiful. Rejection as expected and prepared for off of yellow HTF strong. 502 all the day down to 493! All we had to do was wait!
Congrats to anyone who took this trade and was prepared for this rejection as we talked about in the video.
#Tapering!
Trade closed: target reached
Yes, All these "lines" are there for a reason Yes, I can decipher what all these "lines" mean and Yes, these "lines" work.
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