26/3/21 Journal -
wow yesterday's was the biggest bull trap I ever seen, the price went so far up into 1745 and slowly climb back down acting as a retest and a sudden bam it went below 1727 killing all SL and also order picking up, and trap everyone that is currently bull in a range.
It was also quite painful for bears as it went below 1727 as a bear trap and shot straight right up at the mean time killing SL from above 1745 from the previous days.
One of the most awesome play I have seen since I joined trading.
Scenario 1 - Today we might actually see it break the yellow trendline at 1726 area ( which is very important ) and go to 1720 area if this is broken and doesn't get back up, its not coming back as from what I see all of the trendline were retested on the way down except 1745 area. Unless they are building up for another bull trap for the future keeping 1745 untested. Mark 1745! it will be important.
Scenario 2 - if it doesnt break the yellowline, it might go right up to 1745 and come back down to retest the yellow trendline again and if it doesnt break, we are going to range here ( 1727 - 1745 ) for a few days again and eventually go up to 1750+ area.
wow yesterday's was the biggest bull trap I ever seen, the price went so far up into 1745 and slowly climb back down acting as a retest and a sudden bam it went below 1727 killing all SL and also order picking up, and trap everyone that is currently bull in a range.
It was also quite painful for bears as it went below 1727 as a bear trap and shot straight right up at the mean time killing SL from above 1745 from the previous days.
One of the most awesome play I have seen since I joined trading.
Scenario 1 - Today we might actually see it break the yellow trendline at 1726 area ( which is very important ) and go to 1720 area if this is broken and doesn't get back up, its not coming back as from what I see all of the trendline were retested on the way down except 1745 area. Unless they are building up for another bull trap for the future keeping 1745 untested. Mark 1745! it will be important.
Scenario 2 - if it doesnt break the yellowline, it might go right up to 1745 and come back down to retest the yellow trendline again and if it doesnt break, we are going to range here ( 1727 - 1745 ) for a few days again and eventually go up to 1750+ area.