Most important thing about trading is knowing where to buy!
Golden Zone. It has always been effective and will hopefully always be effective!
I already expected a huge ABC down to 7.8k from the very moment we dropped to 8k. (see idea attached!) However, as you could have seen from a number of ideas I posted later on, whales managed to divert me from my original main idea by painting the chart as weird as they can to make it as difficult as possible to stick to your main.
Now once again, it seems it's on the direction of my original plan. I may missed a lot of profit that I could have made by simply believing in my original idea. However, I am not mad about that, I've learned from it and I am sure I will nail this market in the trades to come.
I already expected a huge ABC down to 7.8k from the very moment we dropped to 8k. (see idea attached!) However, as you could have seen from a number of ideas I posted later on, whales managed to divert me from my original main idea by painting the chart as weird as they can to make it as difficult as possible to stick to your main.
Now once again, it seems it's on the direction of my original plan. I may missed a lot of profit that I could have made by simply believing in my original idea. However, I am not mad about that, I've learned from it and I am sure I will nail this market in the trades to come.
Comment:
Straight on its path, excellebt!
Comment:
Bulls much stronger than previously anticipated and shorter term GZ support is doing well so far. If the weekly closes above 9k I would look more towards the picture where bulls crush 10k (and 11k) before bears get back control for a moment. :) Looking bullish either way, just nothing is clear yet before we get our weekly close.
Trade active:
I bought at 8990. second GZ reaction in a row. This might go much higher even if we are still heading for sub 8k before breaking 10k. But if you want my opinion on the matter, I believe sub 8k is becoming less likely with the day.
Comment:
Triangle formation is possible here.
