Loss of the 4 hour uptrend was the first indication, followed by a 4H lower high and lower low... into a solid dump.
These were the indications the daily lower high had been set, and it sure feels like the bears have had an easier time than the bulls as we work through this tightening daily range.
I would expect a higher low compared to $9,470 at least initially, but I am back to all cash and not making any more trades while we are within this range (discipline!).
If we see a bear break I will not be interested until daily oversold conditions at a minimum. I expect we could stay within the tightening range at least until the weekend, so time to be patient!
I would have been secure had I not forgotten to set my stop loss -_- I thought "Hey, I'm around the computer so I might as well do it at the end of the day." Set stop losses no matter what!
jerry2000
⋅
So in equilibriums you set stop buy orders when you go to sleep and move happens? Hvat about fakeout?