The market is volatile. We expect the violent moves up and down to continue.
Since yesterday evening the price action paused , with the price moving on a $200 range (11600-11800).
The high probability scenario would be for a drop sub $11,000 (10750-11000) followed by a move upwards.
I wouldn't be shorting at this point as the market seems unsure for the moment
Invalidation of the idea, if the price moves first up above the B
Since yesterday evening the price action paused , with the price moving on a $200 range (11600-11800).
The high probability scenario would be for a drop sub $11,000 (10750-11000) followed by a move upwards.
I wouldn't be shorting at this point as the market seems unsure for the moment
Invalidation of the idea, if the price moves first up above the B
Trade active:
The market has moved already.
Keep an eye on price action around 11k
Keep an eye on price action around 11k
Trade active:
Just touched the buy box
Just touched the buy box
Trade active:
Ready for further downside. Inside the buying zone
Ready for further downside. Inside the buying zone
Trade active:
Further drop did occur
Watch for reversal pattern.
Further drop did occur
Watch for reversal pattern.
Trade active:
Potential high probability scenario
Potential high probability scenario
Trade active:
The trade is already profitable so it's a good time to increase the stop-losses (Move them at the higher price)
Trade active:
Comment:
Wedge broke
Trade closed: target reached:
Happy days! Target achieved!
