Nice Accumulation, price and time, checked. Awfully expensive, checked. Plenty of room to keep falling, checked. Gapping up quite often, checked. Definitely not on my plans to trade.
Probably my favorite short, weakness even on H4. I'll keep an eye on this one.
My guess is that EAs are gonna be hunting stops between 3.1-3.5.
If a zig zag is to develop, it may be sooner rather than later. 2.5ish should be a nice long term station.
After 1.29 pinch i guess the bulls will take control. We'll see.
Probably by the end of December it may start running, I really like it but it's too early to say. Unless breaks the 17.75 before of course.
IF goes to 1.17ish first, it may keep falling for a bit more to 1.10
Next hiccup 12160
