Skip to main content

Bears should be careful here. This could be a macro bull break setting up.

As more time passes we’re seeing more failures of classic crash patterns and more things consistent with a bottoming move.

We’re now at what would be classically be a critical decision level. If bulls are strong into the end of this week and next week and close over 4100,many bear patterns have failed.

​

Read full write up here. A real failure of the bear market if this level breaks. (substack.com)



via reddit https://ift.tt/l2bPZvC
Labels:

Comments

Post a Comment

Popular posts from this blog

Things to know about Forex

We're going to start posting more about Forex setups and opportunities. The Forex (FX) market is not well understood by all, so here's some important things to note if considering FX trades/strategies. ​ The Forex market is a trader's market Forex markets are not easy, but they can be worth it. The FX markets are by far the largest of the available markets to trade. Usually here people quote how many trillion a day is turned over in the FX markets but I've not looked it up recently and it really does not matter - the real underlying benefit of the size of the Forex markets is the spreads (Fees) are very low and it's easy to trade large positions. A negative laid against the FX markets is there's a history of banks being fined for manipulating them. My viewpoint on this has always been if there's manipulation there's design. Where there's design, there's opportunity if one can work out enough about the design to create some betting edges. Fo...
Post a Comment
Read more

Bear have more of a case here (But only with a small area of risk).

We’ve not seen anything notable bearish of late but we are now getting back into the sort of zone where we’d be likely to see bears if it is indeed the case we’re in a shallow bull trap on a weekly/monthly chart. Bears have not yet broken (And they might not) - but this is a time to be aware of the risks and where there’s again reasonable odds betting on a big bear move. Real further analysis and actionable break levels here. Bear break contingency plans - by HoleyProfit (substack.com) ​ TLDR: Short 4160. Stop 4179. Trail stops on longs to protect profits. via reddit https://ift.tt/zL2huGX
Post a Comment
Read more