Big rallies = pull backs to relax & continue. Im long term bullish, however, these wedges usually break down a bit before continuing up.
Also, seeing that price never made an inverse h/s or a W pattern before breaking a few levels of s/r, I'd definitely expect a short pullback.
Will use this time to have some very small short orders..just because, and I will ladder in more longs as price settles onto support.
Also, seeing that price never made an inverse h/s or a W pattern before breaking a few levels of s/r, I'd definitely expect a short pullback.
Will use this time to have some very small short orders..just because, and I will ladder in more longs as price settles onto support.
These analyses are my personal view on the market.
Always assume my investment risk tolerance is higher than yours
I’m here to make money, not hold your hand. Never blindly trust any analysis you see online because it fits your bias (including mine).
Always assume my investment risk tolerance is higher than yours
I’m here to make money, not hold your hand. Never blindly trust any analysis you see online because it fits your bias (including mine).
