Sell The Rally
Our last idea called for some form of exhaustion bottom to complete the first wave down.
The huge drop and following spike is almost always a true signal of the intent coming.
Volatility was not for the faint hearted, swings of such magnitude can blow up an over leveraged account.
Repeated buying tails formed as the buy the dip crowd moved in, more buying likely this week as the rally is fuelled by short covering and those last to the bubble.
This rally is an ABC up move which could conclude around the 35500 area....another 61.8% retracement of the first plunge.
The game has subtly changed, we sell the rallies. Most won't believe it until much lower prices.
Whatever event is coming, it will implode the system.
As their scripted agenda is derailed, they will resort to Plan B.
Whatever is coming, it's all theatre and already written.
So we get the opportunity to position again and prepare for a big one...this is a very fast moving wave which could spike quickly and fail.
Appreciate a thumbs up...Good Trading!
The huge drop and following spike is almost always a true signal of the intent coming.
Volatility was not for the faint hearted, swings of such magnitude can blow up an over leveraged account.
Repeated buying tails formed as the buy the dip crowd moved in, more buying likely this week as the rally is fuelled by short covering and those last to the bubble.
This rally is an ABC up move which could conclude around the 35500 area....another 61.8% retracement of the first plunge.
The game has subtly changed, we sell the rallies. Most won't believe it until much lower prices.
Whatever event is coming, it will implode the system.
As their scripted agenda is derailed, they will resort to Plan B.
Whatever is coming, it's all theatre and already written.
So we get the opportunity to position again and prepare for a big one...this is a very fast moving wave which could spike quickly and fail.
Appreciate a thumbs up...Good Trading!
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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.