Are we just going to high five each other as this thing goes on its bullish trek?
Or ....
Are we going to recognize the huge bearish divergence that has developed?
Are we going to ignore the D1 bearish order block price is swimming in right now?
What about that retracement right to a fib golden zone level?
Is this the time now for more buys??
Or...
Should we consider TP if in longs? Taking partials, perhaps?
Maybe even taking short term sells??
Hmm.....
Or ....
Are we going to recognize the huge bearish divergence that has developed?
Are we going to ignore the D1 bearish order block price is swimming in right now?
What about that retracement right to a fib golden zone level?
Is this the time now for more buys??
Or...
Should we consider TP if in longs? Taking partials, perhaps?
Maybe even taking short term sells??
Hmm.....
Note
Are we still acting like price didn't just react to the bearish order block? To the bearish divergence? To that fib level?Buy? Buy? Buy??
Or....
Consider taking partials, or full profit now, if in long positions...?
Maybe take a short position. A little one...?
Heyy,.... what do I know....
Note
The earlier divergence I sighted has kind of grown. Price did push down a bit more, reaching 46341.50, before pushing back up to take out that order block I had marked.
I hope some of you took the "little short" I suggested, and pocketed some profits.
Now, price hit the Weekly order block on Sept. 7th, and dumped. I expect price will return to the OB that impulsed it down for a retest, and continue downward. Price has broken structure to the downside, indicating that the market has shifted from a bullish to a bearish momentum.
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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.