After open, it's going to have to rally higher. Why is this?
it serves TWO purposes.
1. Buy stops from the weekly candle stick will be swept, counterparty for the big boys to enter.
2. The goofy goober retail minded traders think this train can't be stopped, they'll FOMO Longs and get dunked on.
Drop can start before 12:00 PM, but if not, i'll expect 12:00 PM to start it.
it serves TWO purposes.
1. Buy stops from the weekly candle stick will be swept, counterparty for the big boys to enter.
2. The goofy goober retail minded traders think this train can't be stopped, they'll FOMO Longs and get dunked on.
Drop can start before 12:00 PM, but if not, i'll expect 12:00 PM to start it.