GL fell on bad news and started its recovery in the after-market hours. The idea is on the chart.
It shows how price action can be manipulated and how retail traders can play the manipulation.
In a shocking turn of events, Globe Life ( NYSE:GL ) shares nosedived to their lowest point in almost four years following allegations of insurance fraud levied by short seller Fuzzy Panda Research. The company, already grappling with scrutiny over its practices, now faces a tumultuous road ahead as investors reel from the revelations.
Fuzzy Panda's report paints...
Using the bowl structure in the middle we can assume symmetry between the up movement first and then the down movement that will come (in red)
The channel is a long term up channel so a movement down wont affect the bulls that much
Hello
Ethereum just finish the "hunting" i think.
Price rejected from 1680$
Short with SL at 1680$
First target 1610$
U can see some SL/TP model on the chart but use your own
GL
Gl used 2 years prior from the breakout at 6-7 Baht to reach 60-70 Baht marks. It has a constant high volume all the way up. It has 15% declined with the highest volume a week after the peak. It was the first sell off followed by panic sold off later.
Hello traders.
Enjoy the TA (if we hit target). I included three possible spots to either add to your position of take your profits.
Live long and profit.
-zm
High volume break out follows with the pull-back.
Position opened. I will follow the trend if it stays above this price on Monday and will follow it using moving average as an indicator for this short-term speculation.
