A quick note on something I'm seeing in the charts and that is on the daily chart I see an unusual presence of professional here at the top. Usually I'd see this type of pattern at the tops and start looking for a reversal, but hold on a minute. This is slightly different in that the pattern (Pros bunched up here in circle) is somewhat sideways rather than on a nice exhaustion spike. This tells me we have an "argument" here and if I were a betting man I'd say we have a break to newer highs before we hit fresh lows! Now, as you know I don't predict per se, but this sure looks dandy. Looking back in history I really don't see this happen on this timeframe often, well, nearly ever, so I'm out on a limb here but it's all a game of odds, right? So my analysis says bigger picture up. Will I take some shorts on shorter time frames? Hell yes, I'll take em' both ways...
Let me know if see a different picture, interested to hear your analysis and reasoning...
This is simply a real time trade I recorded showing the setup, entry and profit target of a day trade. Sometimes followers want bare bones and don't want the "fluff" and after-trade explanation, so this is simply a "Naked Trade". Not much else to say, if it's useful, subscribe! Questions, Ask!
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