Up moves and down moves that makes no sense means we are in a range, better wait for either side to break before deciding the next move. This range can go for some time before breaking. But generally this kind of strong upmove and ranging pattern suggests the next move is down instead of up.
Comment:
Short 8250
SL 8400
TP 7600-7800 area
Short 8250
SL 8400
TP 7600-7800 area
Comment:
If price bounces at the 8100, I will accept that we are in a bull run.
If price bounces at the 8100, I will accept that we are in a bull run.
If you ask me, this is a great place to short the market, something big is gonna happen, most likely a big crash.