Dear Followers,
DO NOT Get BEARISH please.
1. We broke the major trend line (white upward sloping trend
2. it initially bounced up trapping bulls into thinking all is good right?
3.WRONG they brought it back down beyond that trend line to trap bears into thinking its end of the world... trend line not holding
4. The whole thing was a trap even if you knew TA you still would be messed up
5. All that price action around the trend line is FAKE, Trap and purposefully done.. its a faker ignore it and use what price action is telling you around it.
6.chart shows arrows of what I expect (a) 'dead cat' bounce back up to key level that lines up with 50-61 Fib
7. we are bouncing from overall 61 Fib beyond the trend line (trend line = meaningless)
8.Then another drop and then the real Bull move back up for rest of week
9. Lets see we have to REACT to price having this knowledge and experience (ignore news)
Best wishes to all
DO NOT Get BEARISH please.
1. We broke the major trend line (white upward sloping trend
2. it initially bounced up trapping bulls into thinking all is good right?
3.WRONG they brought it back down beyond that trend line to trap bears into thinking its end of the world... trend line not holding
4. The whole thing was a trap even if you knew TA you still would be messed up
5. All that price action around the trend line is FAKE, Trap and purposefully done.. its a faker ignore it and use what price action is telling you around it.
6.chart shows arrows of what I expect (a) 'dead cat' bounce back up to key level that lines up with 50-61 Fib
7. we are bouncing from overall 61 Fib beyond the trend line (trend line = meaningless)
8.Then another drop and then the real Bull move back up for rest of week
9. Lets see we have to REACT to price having this knowledge and experience (ignore news)
Best wishes to all
Trade active:
We dont know if it get back to ATH yet but target is the 61-50 area