As seen from my previous analysis, The last and final Weekly Virgin CPR on the upside was touched and price started to fall down as there were no Virgin CPR to be touched.
Now Sells have started and we can expect the downside Virgin CPRs to be touched. We also can see how the Sellers and Buyers were taken out and now non commercial Sellers have taken control over the move. Now technically speaking, Sellers are in the market. For the confirmation, we have to wait for next COT report to see the sentiment of Non commercial traders.
For Today, as this is a Friday, I believe the market will be in a consolidation phase leaving the Daily Virgin CPR on the chart open, to be touched by next week and sells to continue. I will update the COT report on my next post on Monday.
Kindly share your thoughts as comments.
Happy Trading..!! :)
Now Sells have started and we can expect the downside Virgin CPRs to be touched. We also can see how the Sellers and Buyers were taken out and now non commercial Sellers have taken control over the move. Now technically speaking, Sellers are in the market. For the confirmation, we have to wait for next COT report to see the sentiment of Non commercial traders.
For Today, as this is a Friday, I believe the market will be in a consolidation phase leaving the Daily Virgin CPR on the chart open, to be touched by next week and sells to continue. I will update the COT report on my next post on Monday.
Kindly share your thoughts as comments.
Happy Trading..!! :)