Welcome to 2023 my followers.. if you like my analysis please do comment and share to educate.
Nas has been in consolidation viewable on higher time frame and has approached a main so-called trend line. It is building a TRAP!!
Media everybody want it to rise and hopium is high but the VIX dont lie?!!
My bias at moment is still 'tentatively' long. Yep you heard it! But I am AWARE of downside risk ie. sudden death!
I advise at the moment it's very high risk to take longs and please keep stop-loss tight and only do so if experienced trader who watches the market like a hawk!
Don't short either until the facts unfold in volume. Just as it was so easy to add the volume they can remove it at the same speed - they are not investors and are traders!
We are currently at a PRESSURE POINT and we have to WAIT for verdict from the Jury they are deliberating. Even after that verdict that may seem clear to you it returns FALSE verdicts!!
Price can resolve either side. The market will do the opposite ie. if there are too many longs it will drop, if there are too many shorts (which there have been and they go blown on so-called good CPI data it jumps). This is why retail can never succeed. Learn to read volume, the facts and judge the evidence for yourselves not price, price is the consequence of volume.
Nas has been in consolidation viewable on higher time frame and has approached a main so-called trend line. It is building a TRAP!!
Media everybody want it to rise and hopium is high but the VIX dont lie?!!
My bias at moment is still 'tentatively' long. Yep you heard it! But I am AWARE of downside risk ie. sudden death!
I advise at the moment it's very high risk to take longs and please keep stop-loss tight and only do so if experienced trader who watches the market like a hawk!
Don't short either until the facts unfold in volume. Just as it was so easy to add the volume they can remove it at the same speed - they are not investors and are traders!
We are currently at a PRESSURE POINT and we have to WAIT for verdict from the Jury they are deliberating. Even after that verdict that may seem clear to you it returns FALSE verdicts!!
Price can resolve either side. The market will do the opposite ie. if there are too many longs it will drop, if there are too many shorts (which there have been and they go blown on so-called good CPI data it jumps). This is why retail can never succeed. Learn to read volume, the facts and judge the evidence for yourselves not price, price is the consequence of volume.
