no sophisticated TA here. Just going by feel and general trend. (similar peaks and retrace 70-130%)
I'll be making a small bag here at 5.3k, fishing some small bids at 5k and 4.7k and waiting for the confirmation bounce before pushing my stack in.
I'll be making a small bag here at 5.3k, fishing some small bids at 5k and 4.7k and waiting for the confirmation bounce before pushing my stack in.
Comment:
3.3k looks like we hit max selloff in our wyckoff cycle. I don't expect an immediate rebound, but should be some good accumulation this week until Mercury release (presumably) acts as catalyst for early mark-up
Comment:
Looks like an ascending triangle is forming on the 4h chart.