We have another transition cycling spotted. Also, it's not that simple as you may think. Every time you see something similar to transition cycling don't buy, because you will get yourself in trouble. There are conditions and rules to look at.
I am still in Buy from 1509 and added at 1504.
At 1525 I will take the buys off and start looking for sells. Because we will still get the sharp move down like stated in the ideas before.
This down move changed the setup a little bit, so we don't look at 1530 anymore. Either way, if we do break 1534 and then fall, that confirms more upside.
Good Luck.
Comment
⋅
Entries were not the best ones but patience paid off. The up move arrived.
Comment
⋅
Remember there will still be the sharp move down. Don't get caught in it with the buys. I closed all at 1525
you said right now is transition cycling, why don't buy? but currently you are holding buy from 1509? i don't understand
Fib_Predictor
⋅
@north01, It's called gradual buying and it makes perfect sense if his final expectation for the price is over $1509 in the short term.
TheZabisyu
⋅
@north01, I was saying that more to the people that think that every time they now see something similar to TC in the charts they can buy or sell. I simply received screens from people saying hey I see a TC going on here it's a buy right... Thanks and good luck
north01
⋅
@TheZabisyu, @TheZabisyu, thx for reply, but it is proved that your previous call 1509 buy was not very accurate
TheZabisyu
⋅
@north01, And? Are you looking for a wizard? I am not the one and there are trades that go upside down. Maybe you didn't know.