Hi Traders
Price breaks the bearish flag... I expect a test of the daily trendline then another test of the flag's bottom then a perfect entry point to sell.
THE BIG BOY THEORY
Whatever is happening now since most of the traders expect a buy, the BIG BOY is selling to the buyers pushing price down to change the market sentiment of traders to a sell. When traders are convinced it is a sell, the BIG BOYS start buying the sell orders pushing the price up once again and now the Retail traders are convinced that the market is on an uptrend as they had first speculated. Greed is stirred and buyers now up their stakes betting on the upcoming Uptrend. This creates a MONEY SPOT and now the BIG BOYS are ready to sell but in precise stages. Price drops aggresively leaving the Retailers chasing the market. Don't be the pig, follow the BIG BOYS moves.
Remember Risk Management is King.
Cheers.
Price breaks the bearish flag... I expect a test of the daily trendline then another test of the flag's bottom then a perfect entry point to sell.
THE BIG BOY THEORY
Whatever is happening now since most of the traders expect a buy, the BIG BOY is selling to the buyers pushing price down to change the market sentiment of traders to a sell. When traders are convinced it is a sell, the BIG BOYS start buying the sell orders pushing the price up once again and now the Retail traders are convinced that the market is on an uptrend as they had first speculated. Greed is stirred and buyers now up their stakes betting on the upcoming Uptrend. This creates a MONEY SPOT and now the BIG BOYS are ready to sell but in precise stages. Price drops aggresively leaving the Retailers chasing the market. Don't be the pig, follow the BIG BOYS moves.
Remember Risk Management is King.
Cheers.
Comment:
Price is unfolding beautifully as expected