So this is the re distribution phase coming to a close with a type 2 schematic a classic head and shoulders and we ever had a spring on the 15M. I am looking to see a move to 47k maybe 46,600 and possibly a retest of 42K.
Comment:
stops hit and I posted an update to the bullish divergence we see currently. Hunting for the next short entries. Overall bias is still bearish in my opinion. I'll be looking to enter short again at 53700 maybe 51700 depending on what the volume says when we get there
Trade closed: stop reached
Comment:
my stop was hit because i keep tight stops but in reality's a better stop would have been 50200
Comment:
Looks like we finally dropped and should see another soon!