Sellers have the bullet now ! 🥶👀 - LDTP #11.1
Let's do the point ! // Update #11.1
Expectations was good, the strongest level have been hold by sellers, now we are going back on support level/line. We can see multiple channel appear on the chart. I think our two POC lines remain the visual range two defend for both side. For the moment forces are strong and it act in V-Turn movement but we could see appear a large U-Turn formation on once to absorb pressure and run to the opposite side, if absorption fail it will be a breakout and an end for one side.
I said that we will gauge the strenght of sellers on the highest POC, it's done, they are definitly here. We will now gauge the strenght of buyers, and buying levels. If we see again buying volume on support and not followed, it will confirm a big confrontation of long term positioning. Big hand are selling the daily resistance & Big hand are buying the pullback on the broken daily resistance area. In this case, I maintain what I said, that we will see a HUGE breakout, probably more than 10%. You have to understand that if it is a confrontation of institutionnals they will buy back there positions and invert it on breakout in an area of no confrontation (one sided movement), that will probably create a dynamic for next days and so run directly to the next major support/resistance (exponential movement).
So my advice is : be patient, don't anticipate we could see strong false breakout, don't take position before market made his choice, this is clearly not a place for retailers, volatility will spike, stop loss and entry will jump and be rekt. Let them play, follow the movement once the war finished on short timeframe consolidation.
In the other case, if we don't see anymore amount of buyers on support, that just mean the first time was only a reaction of retailers OR institutionnals have already switched, which mean the movement could be just a long exhaust to the next major support (logarithmic movement).
Like, follow or comment* if you like, I need it to continue !
*Speaking of comments, come ask questions, come share your point of view, come debate, I need to feel that my without counterpart work is usefull for some !
Expectations was good, the strongest level have been hold by sellers, now we are going back on support level/line. We can see multiple channel appear on the chart. I think our two POC lines remain the visual range two defend for both side. For the moment forces are strong and it act in V-Turn movement but we could see appear a large U-Turn formation on once to absorb pressure and run to the opposite side, if absorption fail it will be a breakout and an end for one side.
I said that we will gauge the strenght of sellers on the highest POC, it's done, they are definitly here. We will now gauge the strenght of buyers, and buying levels. If we see again buying volume on support and not followed, it will confirm a big confrontation of long term positioning. Big hand are selling the daily resistance & Big hand are buying the pullback on the broken daily resistance area. In this case, I maintain what I said, that we will see a HUGE breakout, probably more than 10%. You have to understand that if it is a confrontation of institutionnals they will buy back there positions and invert it on breakout in an area of no confrontation (one sided movement), that will probably create a dynamic for next days and so run directly to the next major support/resistance (exponential movement).
So my advice is : be patient, don't anticipate we could see strong false breakout, don't take position before market made his choice, this is clearly not a place for retailers, volatility will spike, stop loss and entry will jump and be rekt. Let them play, follow the movement once the war finished on short timeframe consolidation.
In the other case, if we don't see anymore amount of buyers on support, that just mean the first time was only a reaction of retailers OR institutionnals have already switched, which mean the movement could be just a long exhaust to the next major support (logarithmic movement).
Like, follow or comment* if you like, I need it to continue !
*Speaking of comments, come ask questions, come share your point of view, come debate, I need to feel that my without counterpart work is usefull for some !
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