The Escape
Updated
The position arising here is another freeing move.
After sellers surrender the $3,500 pivot, it constitutes for a typical cascading of stops - the squeeze manoeuvre we have been tracking for a while finally is beginning to play out. Let's start with a traditional recap of the swing we have been tracking the past few sessions;
The analysis of the starting position was showing us the ABC sequence had been fulfilled and buyers were ready to conduct a flanking attack. This quick-witted move was administered with precision. In this case, the china noise is the same as someone being threatened by a mugger with a weapon, and the person deciding to grab on, continuing to hold, in an attempt that they cannot be hit.
After sellers surrender the $3,500 pivot, it constitutes for a typical cascading of stops - the squeeze manoeuvre we have been tracking for a while finally is beginning to play out. Let's start with a traditional recap of the swing we have been tracking the past few sessions;
The analysis of the starting position was showing us the ABC sequence had been fulfilled and buyers were ready to conduct a flanking attack. This quick-witted move was administered with precision. In this case, the china noise is the same as someone being threatened by a mugger with a weapon, and the person deciding to grab on, continuing to hold, in an attempt that they cannot be hit.
Comment
not much to update here, we are still stuck to the same pivot level until further news/dataComment
almost at TP2...Trade closed: target reached
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