Make no mistake, we're still in a multi-month Bearish correction...But it feels good to be Bullish, and making $$ on that side of the trade. And so far, Bulls are looking pretty good, even if they didn't give me the 7080 fill I was after :(
A) Is our current structure bottom. We've seen this slow n steady Bullish grind coming out of 6.4k, playing this Gann Fan's levels nearly perfect.
B) We bounce hard off the 8/1 (Generally a Last Stand level) , we ground our way up the underside of the 4/1, broke through in parabolic fashion, tapping the bottom of the 3/1 and stalling. Where we now find ourselves. We'll want to see Bulls hold the 4/1 from the Top to remain hopeful of higher levels...
C) Which brings us to these two levels. The orange Weekly Chuva upper line. And the Macro Bearish 8/1 coming down, in dark green. I look for both these levels to be VERY heavy, and likely reversal zones. But should the Bulls manage to consolidate in/near these levels, without being rekt when we touch em....We could be in the beginnings of a renewed Bull Run.....Could......If........Maybe...... BIG Ifs and Maybes......
One level at a time. Let's hold the 4/1, and look to buy dips. 3/1, Macro 8/1 and Chuva are likely TPs/Reversal zones. As always, stay safe, practice solid risk management, and have fun.
A) Is our current structure bottom. We've seen this slow n steady Bullish grind coming out of 6.4k, playing this Gann Fan's levels nearly perfect.
B) We bounce hard off the 8/1 (Generally a Last Stand level) , we ground our way up the underside of the 4/1, broke through in parabolic fashion, tapping the bottom of the 3/1 and stalling. Where we now find ourselves. We'll want to see Bulls hold the 4/1 from the Top to remain hopeful of higher levels...
C) Which brings us to these two levels. The orange Weekly Chuva upper line. And the Macro Bearish 8/1 coming down, in dark green. I look for both these levels to be VERY heavy, and likely reversal zones. But should the Bulls manage to consolidate in/near these levels, without being rekt when we touch em....We could be in the beginnings of a renewed Bull Run.....Could......If........Maybe...... BIG Ifs and Maybes......
One level at a time. Let's hold the 4/1, and look to buy dips. 3/1, Macro 8/1 and Chuva are likely TPs/Reversal zones. As always, stay safe, practice solid risk management, and have fun.
