As soon as liquidity is back, the smart distribution resumes. -> please see prev. post below.
It looks a bit scary now guys right? :-) In fact nothing major has happened yet.
Well, by now more and more people realise yesterday price action was a bull trap within the .
- haDelta is down on both time frames.
- Daily cross gives signal for a swing short
- 4H confirms increasing power: haOscillator is below zero, price washed through 4860-4870 first key support and now testing the very important 4840 below the Kumo.
I am more confident that we'll see deterioration towards 4750, but still prefer to sell spikes.
This is very tricky market now, but the last thing you want here is holding any piece of long position.