Bears Rolling Down Hill
Whats up everyone,
Wanted to share my set up from the last few days and show what I have been watching and what made me think we were going down.
-So first off you can see that starting on the 8th I have laid out a giant bear flag. I found this on the 4hr time frame and it has been holding fairly true with smaller bear flags popping up on the lower times frames which would break down to the bottom of the larger flag.
- The smaller bear flag first pops up on the 8th as well and last until the 10th before the sales gained control and pushed us down.
-From 3/10-3/13 is when things got interesting. Everyone wanted to believe we were finally pumping and going to continue to push higher. But yet if you look closer once again we have the same exact pattern being set up only for it to fall out slight on the 13th.
-My final hint for our drop last night was the action we saw yesterday. I'm not sure how much manipulation was going on here but, this symmetrical triangle was exactly on point and looked like someone drew it on the chart. This is where I saw a lot of confusion in the chat yesterday thinking they were seeing falling wedges, triangles, etc... please please don't let emotion get in the way here. Everyone is searching for the "bullish" sign so bad they are literally seeing things. Be patient and let it come. This triangle was clearly symmetrical and made lower highs and higher lows exactly where it should. These are CONTINUATION patters. More than likely we will be going whatever way we are headed when they start.
Wanted to share my set up from the last few days and show what I have been watching and what made me think we were going down.
-So first off you can see that starting on the 8th I have laid out a giant bear flag. I found this on the 4hr time frame and it has been holding fairly true with smaller bear flags popping up on the lower times frames which would break down to the bottom of the larger flag.
- The smaller bear flag first pops up on the 8th as well and last until the 10th before the sales gained control and pushed us down.
-From 3/10-3/13 is when things got interesting. Everyone wanted to believe we were finally pumping and going to continue to push higher. But yet if you look closer once again we have the same exact pattern being set up only for it to fall out slight on the 13th.
-My final hint for our drop last night was the action we saw yesterday. I'm not sure how much manipulation was going on here but, this symmetrical triangle was exactly on point and looked like someone drew it on the chart. This is where I saw a lot of confusion in the chat yesterday thinking they were seeing falling wedges, triangles, etc... please please don't let emotion get in the way here. Everyone is searching for the "bullish" sign so bad they are literally seeing things. Be patient and let it come. This triangle was clearly symmetrical and made lower highs and higher lows exactly where it should. These are CONTINUATION patters. More than likely we will be going whatever way we are headed when they start.
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