This would be one hell of a bull trap, dead cat bounce, whatever you would like to call it.
We are in a rising wedge currently. I am expecting that if this plays out, after the sheer volume traded around 15-30k, that the composite man has exited his position.
He would be interested in accumulation MUCH lower.
I would expect this to start moving down soon. Maybe one more leg up to tag the wedge.
Breaking the wedge to the upside would clearly shut me up and make me put on a clown suit.
We are in a rising wedge currently. I am expecting that if this plays out, after the sheer volume traded around 15-30k, that the composite man has exited his position.
He would be interested in accumulation MUCH lower.
I would expect this to start moving down soon. Maybe one more leg up to tag the wedge.
Breaking the wedge to the upside would clearly shut me up and make me put on a clown suit.
Nota
This looks like dogshit. Nota
Maybe? Nota
This is my base case.Barring any stock market turmoil.
Nota
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.