coming back to the order block and that is where big money will take profits by selling into this fake pump.
Comment:
so we had a small bart move there to wipe out high lev shorts and now you can see we have not actually closed above the previous daily signal to short and our short trade is still in tact. I added to my short the whole way!
Comment:
notice 4400 a major support was rejected and we bounced right off the 1.618 fib
Comment:
moved my stop up and I'm looking to exit now at 3900 zone in the order block if the volume tells me smart money is buying the dip. If it looks like we will break the oerder block then we stay in and ride out our trading plan if we see volume coming in and it's green and the ofrder block hold then i'll close my short and switch to Long if a trading plan can be made that fits my rules of engagement. For now I'm holding my short.
Comment:
evrything has been perfect and i have taken many scalps! Everytime we have had a short hunt to 4000's I just keep shorting more becauae it is obvious they are selling into these pumps and taking profits. So each little pump the market becomes weaker and weaker!
