ridethepig | NMR Spot Commentary 2019.01.18
Updated
A short update here essentially with one intention to shed some light over the pending impulsive wave for Numeraire.
Bulls wish to occupy the retrace, a swing in order to deliver; but if he tries to crack resistance at 99.000 bears have time to prevent him doing so. So the correct move here is loading on the retrace into our loading zone, leading sellers into betting on momentum against support, because as usual most retail go overboard when they attempt a recapture.
I am going to protect the support here and lend aid to buyers; the key point here is that buyers are strong here in one area, a simple retest is enough to provoke the impulsive swing, because our opponent cannot sense an invasion. At the very least, sellers will be forced into covering as we trip the highs.
Good luck all those in Numeraire for the coming months, and, as usual thanks so much for keeping your support coming with likes, comments charts and etc !!
Bulls wish to occupy the retrace, a swing in order to deliver; but if he tries to crack resistance at 99.000 bears have time to prevent him doing so. So the correct move here is loading on the retrace into our loading zone, leading sellers into betting on momentum against support, because as usual most retail go overboard when they attempt a recapture.
I am going to protect the support here and lend aid to buyers; the key point here is that buyers are strong here in one area, a simple retest is enough to provoke the impulsive swing, because our opponent cannot sense an invasion. At the very least, sellers will be forced into covering as we trip the highs.
Good luck all those in Numeraire for the coming months, and, as usual thanks so much for keeping your support coming with likes, comments charts and etc !!
Note
NMR says "Hold my beer Fed" .. Trade closed: target reached
NMR +112%!!!
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