All the bears are dead!
Updated
Nov 5 is on my indicators a date for a high and november 10 a date for a low.
We are in a time price area where there is resistance and I expect therefore a retrace.
This has been a good run from the October lows, but according to laws of time and price, well...
We are in a time price area where there is resistance and I expect therefore a retrace.
This has been a good run from the October lows, but according to laws of time and price, well...
Trade active
Note
There is more likely that we will see continued bearish movement into the 11th of November as I am not satisfied with the price amount of retrace yet.Trade closed manually
Note
Closed the trade with good profits above target zone. Why? Well, price behaviour was inconsistent with my outlook and I went over history and I saw that I misplaced an inversion which came in late Oct.
Inversion reverses the pivots of a cycle. It came in almost a month before I expected it to come. Interpretational mistakes is a Gann-traders biggest enemy!
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