Hi Guys.
I still believe in the Wyckoff theory of distribution within a high TF accumulation. I just was slightly too early - and weird price action coupled with the law-suit just through off my previous TA.
Anyways, it is within my opinion we have topped out and will not seek 8k. I do not think the 'whales' / exchanges / manipulators, whatever you call them will not give you an opportunity to short at 8k. Trading is a zero-sum game. I believe 'they' have been amassing a big bull-trap over the last week to lure in money. I very much see 6.6k in the short-term.
Let's hope this works out as it should!
Fundamentals Analysis:
Corona Virus testing data has been collated today and the news is not good at all. I think we should expect decline in the stock market in the coming days. Intel is around, only the select few have it. News is always priced in, and it favors the wealthy. Some are exposed, maybe I am, maybe I am not - will leave that up to you to work out.
Additionally, expect another huge surge in the unemployment filing. Oh and our PM is admitted to ICU, very sick. This will effect the markets; we have worrying times and I hope he pulls through.
Technical Analysis:
1W: Fakeout. Look at the declining volume.
1D: Broke support @ Failed retest = bearish.
15m: Broke support @ Failed retest = bearish.
As you can clearly tell, 1D & 15m are clear repeating fractals.
I hope this helps & let's hope this works out as it should!
Yours Sincerely,
Anon.
I still believe in the Wyckoff theory of distribution within a high TF accumulation. I just was slightly too early - and weird price action coupled with the law-suit just through off my previous TA.
Anyways, it is within my opinion we have topped out and will not seek 8k. I do not think the 'whales' / exchanges / manipulators, whatever you call them will not give you an opportunity to short at 8k. Trading is a zero-sum game. I believe 'they' have been amassing a big bull-trap over the last week to lure in money. I very much see 6.6k in the short-term.
Let's hope this works out as it should!
Fundamentals Analysis:
Corona Virus testing data has been collated today and the news is not good at all. I think we should expect decline in the stock market in the coming days. Intel is around, only the select few have it. News is always priced in, and it favors the wealthy. Some are exposed, maybe I am, maybe I am not - will leave that up to you to work out.
Additionally, expect another huge surge in the unemployment filing. Oh and our PM is admitted to ICU, very sick. This will effect the markets; we have worrying times and I hope he pulls through.
Technical Analysis:
1W: Fakeout. Look at the declining volume.
1D: Broke support @ Failed retest = bearish.
15m: Broke support @ Failed retest = bearish.
As you can clearly tell, 1D & 15m are clear repeating fractals.
I hope this helps & let's hope this works out as it should!
Yours Sincerely,
Anon.
Comment:
This is the breakdown as we edge into the corner of this HTF 'XXX' structure 😎
Trade closed: target reached:
😎