Last we said the market will take out the right shoulder on the daily chart from the support of the bull channel which it did, netting about 1130 pips!!
The market rsi is trading from about 60 high to 40 low and the extremes at the high above the range gave an extreme at the low below the range .. all in agreement that the market have strong buyers and sellers , both willing to protect investments at these extreme will give us good opportunities on the failure of one side, and to trade the range accordingly to its properties, with good entries and minimal risks.
Our methods tells us to trade above or below the range with a first target at the resistance for buying below the support or a target a first target at the support for a shorting above the resistance and then scale in with a rejection of the range or take full profit.
So since the deep spring at the last extreme test below support after the rejection above the range but the range and stage 3 ending stage 2 as the highest probability especially since the monthly 200 ma is approaching the range, without this , the probability is the market may continue to range.. but 100% guarantee long term highertime frames sellers will sale off the monthly 200 ma. These 200ma highertime frame sellers are governments and central banks donuts eaters.
Sellers will add massively and they’ll need to to break price out the support of the range and to redistribute there to continue the downtrend of the market .
Buyers will aim to trap them within the range slowing down price trapping and converting the 200ma from bearish to bullish making the market bullish in retrospect to the 200ma as a lot of these investors of this level deem the location of price in relations to the 200ma on the monthly as being a bull or bear market..
No matter the outcome , the outcome will be evident and easy to see..
The best move rn is to short the first test of the 200ma here n scale out mid range for 1400 pips and take 50% at the range resistance
No excuses
Gl
The market rsi is trading from about 60 high to 40 low and the extremes at the high above the range gave an extreme at the low below the range .. all in agreement that the market have strong buyers and sellers , both willing to protect investments at these extreme will give us good opportunities on the failure of one side, and to trade the range accordingly to its properties, with good entries and minimal risks.
Our methods tells us to trade above or below the range with a first target at the resistance for buying below the support or a target a first target at the support for a shorting above the resistance and then scale in with a rejection of the range or take full profit.
So since the deep spring at the last extreme test below support after the rejection above the range but the range and stage 3 ending stage 2 as the highest probability especially since the monthly 200 ma is approaching the range, without this , the probability is the market may continue to range.. but 100% guarantee long term highertime frames sellers will sale off the monthly 200 ma. These 200ma highertime frame sellers are governments and central banks donuts eaters.
Sellers will add massively and they’ll need to to break price out the support of the range and to redistribute there to continue the downtrend of the market .
Buyers will aim to trap them within the range slowing down price trapping and converting the 200ma from bearish to bullish making the market bullish in retrospect to the 200ma as a lot of these investors of this level deem the location of price in relations to the 200ma on the monthly as being a bull or bear market..
No matter the outcome , the outcome will be evident and easy to see..
The best move rn is to short the first test of the 200ma here n scale out mid range for 1400 pips and take 50% at the range resistance
No excuses
Gl