Final Flush?Note the big red candles in prior selloffs of this trend each followed by a deep flush with reversal leaving a long wick. Crashing.
Big ERs Weds FB and Thurs AMZN, AAPL all EOD after the close. Extreme risk in any position now, highly unstable, unpredictable.
Catch this knife at your own risk. Indicators become worthless in a panic. Oversold >> More Oversold. Capitulation phase.
If you imagine that looking at these red ovals it had been simple to just short and ride top to bottom, look again.
Every red candle has a high wick and shorts got shaken out on those, then it rolled over again.
There were green rally days that looked like reversals, but failed, stopped out both shorts and longs.
So damned tricky to trade these downdrafts, the fluctuation is terrific. Short-killing rallies followed by bull trap selloffs.
Look, on Monday the damned thing started with a selloff, then bulled up 2%.
Bear markets are a real Bear. Hate it!
