If you have been follow posts of recent, you should be waking up on the weekend super comfy with green short positions. Good work.
Just wanted to point out a Wyckoff style trap play out.
MM are playing on the Wyckoff Accumulation schematic to take out retail and bait new longs once we hit the 16k zone.
Now Wyckoff method does play out, just over a great time span for bear to bulls ie months/year.
The accumulation zone is just missing the 'Spring' event (white arrows) and SOS, however we will not get a SOS just the initial up-thurst from 16k into 20-23k.
I am of the opinion this should return back to 20-23k very fast and will hang there for a week or two prior to new inflation/rate hikes to come early/mid SEPT when all markets get dumped on capitulation style.
Upon the FED meeting it also the case they are determined to bring more pain in-order to curb inflation, right fully so. This means we have certainly not seen the bottom/but are not too far off.
On a side note, once 20k breaks we will see some violent moves.
Good Luck Traders
Asset Mastery
Just wanted to point out a Wyckoff style trap play out.
MM are playing on the Wyckoff Accumulation schematic to take out retail and bait new longs once we hit the 16k zone.
Now Wyckoff method does play out, just over a great time span for bear to bulls ie months/year.
The accumulation zone is just missing the 'Spring' event (white arrows) and SOS, however we will not get a SOS just the initial up-thurst from 16k into 20-23k.
I am of the opinion this should return back to 20-23k very fast and will hang there for a week or two prior to new inflation/rate hikes to come early/mid SEPT when all markets get dumped on capitulation style.
Upon the FED meeting it also the case they are determined to bring more pain in-order to curb inflation, right fully so. This means we have certainly not seen the bottom/but are not too far off.
On a side note, once 20k breaks we will see some violent moves.
Good Luck Traders
Asset Mastery
