Very easy to understand.
We had a correction that will be lower than the others. It lacks one leg down and then up again to mid 9'ties.
Look at the Long/shorts ratio (in the top) and you will see longs are to high and need some squeeze to be healthy again.
We had a correction that will be lower than the others. It lacks one leg down and then up again to mid 9'ties.
Look at the Long/shorts ratio (in the top) and you will see longs are to high and need some squeeze to be healthy again.
Comment:
First target was hit. IF it does not hold or reverse, we go for the next target.
Comment:
Corrected the bounce target to a less aggressive target
Trade closed manually:
Top reached. Trade closed at 8,6k after two pump rejections. They are clearly seen with 5 min chart.