I am looking for DJI to follow the course of the lines. Depends if we reject the second yellow and possibly how hard
A lot to say. A jebait by the DJI? Regardless. The DJI going up here isnt too too big of a deal, because we have the same issue as before of insane growth and the need to create a local higher high (over red and second yellow line). Even if it goes up, we will need to stay above this area in the future.
Seeing what normally happens. We might see an immediate jump up to 24838 today.
The ultimate question is: Can we stay this high.
A hard rejection at 24767 would still give us an amazing chance to find support on top of 24362-24447 (first yellow line).
This may be the last test or the second to last. (possibly one of support at the .75 with rejection at 24362.) Last tests can also, in some cases, be considered the last rounds of distribution by big players.
We need to make a higher high here or things will look very bad. Short term things look insane (good) right now with this cup and the volume profile showing bagholders far above us (high chance bears want to wait until 24767 to sell off at no loss). The dji only needs a little push from after hours trading and first second traders to maintain this course.
Trade wars pretty much start today though. So i think i know what will happen (the normal morning pump and maintained), but maybe its all one big jebait.
A lot to say. A jebait by the DJI? Regardless. The DJI going up here isnt too too big of a deal, because we have the same issue as before of insane growth and the need to create a local higher high (over red and second yellow line). Even if it goes up, we will need to stay above this area in the future.
Seeing what normally happens. We might see an immediate jump up to 24838 today.
The ultimate question is: Can we stay this high.
A hard rejection at 24767 would still give us an amazing chance to find support on top of 24362-24447 (first yellow line).
This may be the last test or the second to last. (possibly one of support at the .75 with rejection at 24362.) Last tests can also, in some cases, be considered the last rounds of distribution by big players.
We need to make a higher high here or things will look very bad. Short term things look insane (good) right now with this cup and the volume profile showing bagholders far above us (high chance bears want to wait until 24767 to sell off at no loss). The dji only needs a little push from after hours trading and first second traders to maintain this course.
Trade wars pretty much start today though. So i think i know what will happen (the normal morning pump and maintained), but maybe its all one big jebait.