An intuitive short, very very painful this will be to long positions. Weak longs will 100% jump out in this situation, and cause a chain reaction of sell off and simultaneous shorting.
Good luck, Tom
NOTE: For personalized online and face to face tuition, or signal packages, message me on here or email me with the email address on my Trading view page.
Thank you.
Comments
simonsays452
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Targeting 4.00 level?
joleefalco
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At the same time the test to the bottom of the gap was very climactic and there was double bottom on lower time frame. Let's see what next hour will bring.
TomProTrader
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I think the "Longer walk" will eliminate these possibilities, however, could be right. Everything is valid, until invalidated,
Thanks
Tom
IvanLabrie
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And this is the right mindset for trading. ;)
IvanLabrie
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It was wise to jump ship before options expirations last Friday.
Nice one Tom.
TomProTrader
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Sorry for the delayed reply, I fell over the bags of cash I made from this trade and banged my head.
Thanks,
Tom
ChimbOt
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my man!
ChimbOt
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Good stuff :D
Lionbeezy
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looks like consolidation to me
ChimbOt
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INcorrect, 20% fall is not consolidation . hit the books :D