This is likely to be the playout for the day for reasons beyond what is described in this photo. However risk is capped as usual with anticipation coming from all angles justifying the sanity of a trader.
TAKE WITH CAUTION
Don't be fooled by the buyers. The market is a sell one and the buyers are reaching a long anticipated area. Wait patiently and don't be fooled by the buyers because that is what the sellers want.
Wait for a wick and continuation to sell at the high point. This is extreme precision and maximizing the reward astronomically!!!!!!
This trade may not happen until...
The v formation shows that sellers are overall dominant.
The countertrend buy was a success now it is time to ride with the overall big player.
Fade out the buyers as usual .
Be careful of spikes and time entries!!!!
The reality is sellers need buyers vice versa. The sellers have begun to fade out in an area that the buyers reacted heavily in.
Stay on close alert before it takes off without you and don't set a lengthy SL.
Prepare for a sell to recent levels of congestion.
Buyers are still present so be conscious of that...
See the market for what it is not what you want.
Gap must be filled. Our objective is to follow the price up as high as possible.
I will personally manual exit at the bottom of the gap due to what looks like the formation
of an upwards channel.
Be wary and monitor closely for biggest gains.
In this market we anticipate movements...
If prior price action doesn't add up to our analysis we don't act.
Staying to your system is the difference between survival and death.
Stops are usually above or below most recent v-forms.
Entry is critical here..
We are looking for a higher price ideally for a push to the downside.
Buyers are still present so it is important to be passive aggressive as the sell may
be eaten by the buyers.
