The 5% pull back is playing out. We had the heavy selling after the O/N Pump/Dump into the selling of the Reg Session and Outside Day Reversal. Up for weeks and down in hours. Next break down will have to be the failure of the long standing Friday into Monday Long Play. We did get the reg session selling and now O/N selling. Looking for the trifecta and failed F-M move. Long Trap is active. Just watch the timely Tweets and Tricks at KL's.
Nota
O/N sessionNota
Yellow arrow is week range that was posted on 7/29, the lower range is 400 points lower from here should this play out.Nota
Chatter is starting regarding the break down of Tariff deals, Black Swan warning should chitter chatter get louder. Nota
Couple more targets to the left and then Major Air Pocket (Circle). Now a chatter regarding Powell and rates from Washington Street Hedge Fund Manager, buckle up.Nota
Should markets correct here 5-10%, the blame will be on the Fed and the Drama will really start (Tweets, Media, etc.) and the selling will increase as the previous buyers will play into the hands of the of the Pro's. It will be hard to stop the selling momentum here should these actions actually play out. Nota
The Range charts are great with eliminating noise in PA. Notice the circle and all the narrow (low transaction days) buy days. Notice the width of previous day and a half (selling shows up). This will usually indicate a direction change or confirmation. Notice 1st yellow arrow and then 2nd yellow arrow. Nota
Unless we see a miracle dump/pump at the Open Drive, this one may be a 1 way train ride lower. Again, we need to see a break in the F-M Long Play move today.Nota
KL 22,987 is 1st test, reaction is what to watch here.Dagangan ditutup secara manual
Chitter Chatter is not good for Bunker today, look for the drop and then spiral of Washington Street Asset Management. I am out for the balance, travel day. Until Monday, have a great weekend. Nota
Classic Long Trap can be seen here on NDX Chart. 1st arrow is Lock in and 2nd is trapped lower.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.