An inverse head and shoulder pattern has formed, the short term trend is being rejected on lower time frames, we can see from the price action of the 4 hour timeframe that we can see a huge wick. All of these suggest to us that we are gain to see a huge move to the upside
Both the short term and long term trend lines have merged and the short term trend has been broken resulting in huge selling pressure
- VERY LIQUID BULL BIASED MARKET - the stop losses of amateur traders would be triggered and the buy stops of the good traders would be triggered so the market will experiences 2 huge boosts from both the Bears' stop losses and the Bulls entering the market - The market has been respecting this level that has turned support and resistance many times since...
Bullish opporunity, VERY LIQUID - stops of amateur retail investors would be triggered and the buy stops of the good traders would be triggered so we can benefit of both these schools of traders
TRENDTRADE COMBINED WITH THE USE OF KEY LEVELS RESULTS IN A ALMOST PERFECT PREDICTION