The pullback to the untested level of 61xx is overdue. The chart describes pretty much everything. I see price making it up to somewhere close to the blue horizontal line I have and then a massive retreat down. With everyone turning into bulls very fast, dumpers have one more to go before the books get to bullish, and before they get bullish themselves! We don't have that many shorts to squeeze so I don't see a giant move up just yet. The drop will free the lower in the order book long liquidity after this corrective move, and then we board the Falcon Heavy. Hope this helps.
Oh- we might go a a % or two up first to free some short liq to drive down. Could be a fun opportunity to practice wick catching skillsz.
Though my ideas tend to work out don't follow this, this is not financial advice, and I would quite frankly do the opposite.
- Namnaste'
Cuz I catch wreck on any cassette deck- so ahead of my time my parents haven't met yet.
Oh- we might go a a % or two up first to free some short liq to drive down. Could be a fun opportunity to practice wick catching skillsz.
Though my ideas tend to work out don't follow this, this is not financial advice, and I would quite frankly do the opposite.
- Namnaste'
Cuz I catch wreck on any cassette deck- so ahead of my time my parents haven't met yet.