For the coming week of 2020-Apr-20 -24 because of the doji candle days there is the strong possibility of a repeat of the box drawn above (sideways action)
How will you know with certainty - by identification of the bagholder operations.
Bagholders are easy to spot and important to take note of. Their program buying will kick in at a price range and buy everything in sight below their trigger value. Their fingerprint will be large hairs out the bottoms of the candles where a selloff was completely arrested by their buying.
They don't fail. The market will bounce off them and drift higher. They are clearly in an accumulation cycle.
The week I would expect sideways action and I would enter on any 2.5 - 3% pullback as soon as you see the bagholder has your back in the pull.
Because monthlies expired, you might not see heavy manipulation price jogging on the overnight as much - but if it's done - it will be done up.
Remember end-of-day movements (jerk downs / jerk ups) will have a odds of 80% reflection on the following trade day. If it jerks up into the close you can have a high probability of a fade. If it's rammed down into the close they are stop hunting and scaring off longs before the overnight ramp (this is done to not share in the profits..)
If you see bagholders coming in after an EOD ramp on the next trading session this is just being marched up in accordance with the trend and no doji week will be permitted.. If it's done one day chances it will be done several days.
Never short this market (longer than 60 minutes).
How will you know with certainty - by identification of the bagholder operations.
Bagholders are easy to spot and important to take note of. Their program buying will kick in at a price range and buy everything in sight below their trigger value. Their fingerprint will be large hairs out the bottoms of the candles where a selloff was completely arrested by their buying.
They don't fail. The market will bounce off them and drift higher. They are clearly in an accumulation cycle.
The week I would expect sideways action and I would enter on any 2.5 - 3% pullback as soon as you see the bagholder has your back in the pull.
Because monthlies expired, you might not see heavy manipulation price jogging on the overnight as much - but if it's done - it will be done up.
Remember end-of-day movements (jerk downs / jerk ups) will have a odds of 80% reflection on the following trade day. If it jerks up into the close you can have a high probability of a fade. If it's rammed down into the close they are stop hunting and scaring off longs before the overnight ramp (this is done to not share in the profits..)
If you see bagholders coming in after an EOD ramp on the next trading session this is just being marched up in accordance with the trend and no doji week will be permitted.. If it's done one day chances it will be done several days.
Never short this market (longer than 60 minutes).