That massive move liquidated a lot of shorts,
I think the next few days will be sideways ranging motion between ~8400 - 8900.
I reckon price will ping pong between buyers and sellers here till the bigger forces decide which way to send this.
Now is not time for swing trades, But time to prepare for ranging market after that massive move.
I think the next few days will be sideways ranging motion between ~8400 - 8900.
I reckon price will ping pong between buyers and sellers here till the bigger forces decide which way to send this.
Now is not time for swing trades, But time to prepare for ranging market after that massive move.