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Just an idea since we approach Halloween. Frequency increases when high energic waves meet friction! Where does the energy go if not up?
we will see.
we will see
forming over days.
lets see how this circle continues to exist
if you know what i mean.
bulls are still alive and due to the 2000-2007 top line resistance. I am flat for now.
lets try it again. the day is not over. keep stops tight (i am risk averse)!!!
soon we know more
almost short, but we will see. Hope decision makers will resolve it soon.
as posted before, scenario 3 most like if failure occurs.
in case it will fail on the up-move.
1) today's volume of the "engulfing" bar is low,
2) today's high and close price bellow yesterday's close price,
3) today's close still below trending line,
4) today's close still below leading line.
be aware of the risk per trade per time frame