ZB1! - Similar To Yields Right?
Updated
Don't we all love a blow-out top ey?
In my last post, i mentioned interest in 125.30 as an area of important buyside liquidity which the algorithm would me most likely to target before moving up to the HTF rejection block @ 129.26.
Last week showed a sharp rejection from the premium SIBI range and this week trading solely inside last weeks dealing range.
Volatility will be induced into the market and stops, whether it's buy stops or sell stops will bend their knees to the wraith of the marketplace.
The question to ask is, which side will bend their knees first??
I'd put my coins on Sellside, targeting the buyside imbalance Sellside inefficiency with an overall target of 120.20.
I want to see 122.21 negated, with a candle body closure below for my first objective.
In my last post, i mentioned interest in 125.30 as an area of important buyside liquidity which the algorithm would me most likely to target before moving up to the HTF rejection block @ 129.26.
Last week showed a sharp rejection from the premium SIBI range and this week trading solely inside last weeks dealing range.
Volatility will be induced into the market and stops, whether it's buy stops or sell stops will bend their knees to the wraith of the marketplace.
The question to ask is, which side will bend their knees first??
I'd put my coins on Sellside, targeting the buyside imbalance Sellside inefficiency with an overall target of 120.20.
I want to see 122.21 negated, with a candle body closure below for my first objective.
Note
Last weeks highs at 124.25 has been breached by yesterdays candle.
NWOG and consequent encroachment is where i will be studying if we get a reversal
Trade closed: stop reached
Monday negated weekly short bias
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