while up movement may likely continue to to 350+ range, those looking for an immediate long entry should consider holding for a retest.
energy has been decreasing since JUL24, last upwards movement could be considered a distribution movement. Especially considering the recent (and suspiciously quick) breakthrough of 300.
my turquoise concave line serves to represent what could possibly be seen as weakness (again, in the short term.)
I'm considering re-accum around 316 which will likely be seen as a fib level too.
of course, the jubilee of yellow lines is a testament to our upswing. so always take dips with a grain of salt (and chips)
cheers
energy has been decreasing since JUL24, last upwards movement could be considered a distribution movement. Especially considering the recent (and suspiciously quick) breakthrough of 300.
my turquoise concave line serves to represent what could possibly be seen as weakness (again, in the short term.)
I'm considering re-accum around 316 which will likely be seen as a fib level too.
of course, the jubilee of yellow lines is a testament to our upswing. so always take dips with a grain of salt (and chips)
cheers
Trade active
Comment:
16% capital re-accum here below 320. positioning 33% below 316.66
Comment:
okie 312-308 it is, moving limits to sub 300
