It's been a horribly bloody, brutal 5-6 months for anyone with an ounce of Bull in their hearts. Recent PA has been no exception. Our recent consolidation in the Demand Zone created after breaking the 6k MS from the underside, has featured a sneaky little Deviation (little yellow box, red dashed line), which could be a sign someone with deep pockets has some Bullish intentions for the near term future. COULD. More than likely for me, is a Red or Yellow arrow scenario. If Bulls fail to show up and protect that 6.5k....my 5440 is all but Filled. Bulls have an opportunity here (as usual). They can take the Yellow arrow path, and turn it Green arrow on us, after all, this IS the range we launched to 14k from.
In the end, it all boils down to, which side is going to get rekt harder....ie, who's got more orders to run the stops on, and steal from! It's a brutal battle, never-ending. Whichever side you're on...Practice solid Risk Mgmt first and foremost. Without capital, you're out of the fight altogether!
In the end, it all boils down to, which side is going to get rekt harder....ie, who's got more orders to run the stops on, and steal from! It's a brutal battle, never-ending. Whichever side you're on...Practice solid Risk Mgmt first and foremost. Without capital, you're out of the fight altogether!