This market is not committed to another sell until the H23 makes at least a LH 🤷🏾♂️🤷🏾♂️🤷🏾♂️
Sorry but this crazy Zig Zag guy said it!
It's just simple basic market structure...
The buy is not over until at least tomorrow and you would had better hope that the H23 only makes a LH and even then you still have Monday and Tuesday of next week.
If you are patient... good for you... the HL will fall... higher of course.
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NAS100 those wicks from from 3 hours ago (on a 5 min) make it hard to keep this long going, I took off 65% but I'm struggling to put a stop hoping it turns into a swing, any input would be appreciated, I don't normally swing- I scalp on 200x leverage
After a week of consolidations the 11H LH has now been signalled as the largest TF to signal its type of high.
But if we take a look at the 11H chart, we can see that it took 11 bullish candles to recover 1 bearish candle. This is a clear sign that the buys are the "retracement" for downtrend continuations.
Usually once the bullish trend move is ready to be in play, there is no stopping it, but in this case the bulls are struggling to hold and maintain their strength.