Explanation for trade on charts. BTTM would suggest that we are transitioning into the 2nd day of shorts. We are looking to go short for many reasons
Yesterday we has a Peak formation High of the weekly cycle and are looking to go short now with a Multi day M pattern and are looking to catch the A in the cycle (MAAW OR WVVM)
Since price has broke the nader we are looking for a possibly zone flip
The multi day M from yesterday shows the liquidity grab off the second leg and the dealer immediately dumped price. If he did not meet the quota for enough contracts grabbed he may reset off the 800 EMA and reset the cycle
However resets can not be confirmed until they have already happened. In the mean time we are looking to short based on the idea behind BTMM.
TDI market baseline shows selling sentiment being below the static 50..
Yesterday we has a Peak formation High of the weekly cycle and are looking to go short now with a Multi day M pattern and are looking to catch the A in the cycle (MAAW OR WVVM)
Since price has broke the nader we are looking for a possibly zone flip
The multi day M from yesterday shows the liquidity grab off the second leg and the dealer immediately dumped price. If he did not meet the quota for enough contracts grabbed he may reset off the 800 EMA and reset the cycle
However resets can not be confirmed until they have already happened. In the mean time we are looking to short based on the idea behind BTMM.
TDI market baseline shows selling sentiment being below the static 50..