Banks has a lot of Long Hedges Open on these tickers, they have been overall short the last 1,5 years.
Now in March they began to close their first Long Hedge position.
Question right now is, did they build up big position yet for the longside, or they just sold their long Hedge and want price to go down further.
If we hold the lows of 0,59 here - no weekly close below and break the 0,93 lvl we should continue to the next Banks open Long Hedge at 2,66 from there on 1,68 should hold for price to continue to 4 $
Now in March they began to close their first Long Hedge position.
Question right now is, did they build up big position yet for the longside, or they just sold their long Hedge and want price to go down further.
If we hold the lows of 0,59 here - no weekly close below and break the 0,93 lvl we should continue to the next Banks open Long Hedge at 2,66 from there on 1,68 should hold for price to continue to 4 $