More than a bullet, it's now a momentum for sellers - LDTP #11.3
Let's do the point ! // Update #11.3
Rapid statement since two hours, we was looking for bulls to shot down sellers, they missed, more than that they failed. Strong reject of always the same level, the POC, I said it will be the strongest level to break, in fact it is. The accumulation of position on this price start to be huge.
So we now have a strong reject, allowing sellers to take another try to end this battle. We are actually on the last level for buyers to expect a continuation pattern (horizontal triangle), I will be honest I don't believe in it, I don't see a V-Turn happening now. For me, sellers took the momentum on this last top, more than a bullet they have the possibility to end this.
The missed higher top and the time will now play against buyers and reverse positionning will start to happen if we don't see a reaction here.
I expect now a deep retest of the demand area and more than that, a continuation to the primary support which is the yellow line. If squeeze there is, it will be there.
Like, follow or comment* if you like, I need it to continue !
Rapid statement since two hours, we was looking for bulls to shot down sellers, they missed, more than that they failed. Strong reject of always the same level, the POC, I said it will be the strongest level to break, in fact it is. The accumulation of position on this price start to be huge.
So we now have a strong reject, allowing sellers to take another try to end this battle. We are actually on the last level for buyers to expect a continuation pattern (horizontal triangle), I will be honest I don't believe in it, I don't see a V-Turn happening now. For me, sellers took the momentum on this last top, more than a bullet they have the possibility to end this.
The missed higher top and the time will now play against buyers and reverse positionning will start to happen if we don't see a reaction here.
I expect now a deep retest of the demand area and more than that, a continuation to the primary support which is the yellow line. If squeeze there is, it will be there.
Like, follow or comment* if you like, I need it to continue !
