We just had a ltf dump, then a pump, then a bigger dump through the support.
Sell volume still increasing. I'm treating this as an ABC correction with 39.75k as the local B top.
Targeting the red 1-hr 200-ema to close shorts and then going long.
Sell volume still increasing. I'm treating this as an ABC correction with 39.75k as the local B top.
Targeting the red 1-hr 200-ema to close shorts and then going long.
Trade active:
Been playing these reversals and selling the bounces perfectly! The update is, we are climbing back toward the master candle where the sell-off occurred. We could go all the way back up to it before falling again. Will look for a strong sell-off to begin as we inch higher and higher. The ABC idea is still roughly the same, it's just that complacent shorts are getting a taste of pain for thinking we were going straight down to C target.