history doesn't repeat itself but it rhymes

Telah dikemas kini

Right now it comes to half of March and the roller coaster has been running all the way down to around 28500-29500, with big shake from session to session.

Have got a feeling that market will be set to kill the volatility bulls for the coming couple of days, before it decides which way to go (downward then most likely).

From day chart, interesting analogised pattern was spot.

Komen

Viewing my previous post to have some contextual understanding is advised.

Komen

Komen

But personally think that chasing the bounce is risky.

Komen

If plan to short, better wait and see a few more sessions.

Komen

Price is keeping consolidating this morning, buying near 29k is seeming. Pretty good set up for a mark up in the short term.

In the option, yesterday saw substantial movement of profit taking (out flow of $48 mil 32000put expired in Jun).

Will update chart later today or this weekend.

Komen

Suggest buying here, but allow a little bit room as no one is here when this shaking will end.

Komen

Fiercely strong buying at the bottom this morning. Except re-testing of 28200

Komen

Previous post as reference

Komen

They are dumping quite heavily this morning in 1-minute chart, although MFI is still dropping on daily chart

Komen

Abnormal volume last night. For fear that the "EOM" pump is in play, I covered all shorts this morning..

Komen

Don't expect resistance is so strong here at 28.7k-28.8k. Close all my shorts

Komen

Oh lol...my data was lagged thanks to crappy tradingview. It did test and failed but rejection was not quite strong there in terms of volume.

Komen

cover all shorts first.

Komen

Anyway, algos govern the market most of the day. Should not have bothered with it for any time.

If it continues to mark up tonight or on Thursday, the next resistance shall be 28700, where they strongly sold last week. If the price could sustain at that level, I would consider stop loss there.

Komen

It seems promising for the bears so far. HSF May will be due next Friday. Am contemplating it will settle around 27200-26800, if today's mark down can be decisive. Will detail later.

Komen

To correct my mistakes, June may not settle at 27.2-26.8k, here is why

Komen

ffaz

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