-Congratulations everyone who made money with me. We now plot our next move as price has reached our anticipated weekly resistance.
-As we all know trading can get very boring at times. And i feel that the thrill has ended and we are about to jump into quite a boring
phase for a while.
-If you have been trading for some time, you have probably seen enough of the markets to know that there are two basic moods of the market, and these moods will be seen in any market in the world. There is the calm, drifting, directionless, choppy market as is evident in the yellow box.
- At times, the market will also exhibit strong, powerful explosions characteristic of what we have just witnessed. The market is always in one of these two moods.
-Continually, the market moves between these two states: the hyperactive trending market and the relaxed, drifting market. Just as there are low tides and high tides, hot days and cool days. Traders take advantage of these two moods in the market.
-The weekly resistance that we are on now will be the threshold by which you judge the movement of the market once again.
-I see a consolidation coming But at the same time will be looking for buy catalysts on areas of interest.
-As we all know trading can get very boring at times. And i feel that the thrill has ended and we are about to jump into quite a boring
phase for a while.
-If you have been trading for some time, you have probably seen enough of the markets to know that there are two basic moods of the market, and these moods will be seen in any market in the world. There is the calm, drifting, directionless, choppy market as is evident in the yellow box.
- At times, the market will also exhibit strong, powerful explosions characteristic of what we have just witnessed. The market is always in one of these two moods.
-Continually, the market moves between these two states: the hyperactive trending market and the relaxed, drifting market. Just as there are low tides and high tides, hot days and cool days. Traders take advantage of these two moods in the market.
-The weekly resistance that we are on now will be the threshold by which you judge the movement of the market once again.
-I see a consolidation coming But at the same time will be looking for buy catalysts on areas of interest.
Lets look at the line chart of the same for a second