As we predicted, the small crab (retail traders) jumped from the ocean depths (high VIX zone) but failed to break the golden resistance at 29 due to panic and stress.
Now the mother crab (institutions) is preparing to surface. If successful, this could crush the VIX and dramatically shift market sentiment - just like we originally envisioned in our crab market theory."
Now the mother crab (institutions) is preparing to surface. If successful, this could crush the VIX and dramatically shift market sentiment - just like we originally envisioned in our crab market theory."
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Note
buy order #3
This idea is based on harmonic patterns and candlestick formations at Fibonacci levels. The targets for this order change along the way, depending on the candlestick patterns.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
This idea is based on harmonic patterns and candlestick formations at Fibonacci levels. The targets for this order change along the way, depending on the candlestick patterns.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.