-Yurlo (Please give this visual a LIKE if you enjoy the technical analysis shared on a regular basis to help you guys learn & make $)
Daily conclusions after the drop:
#1: We've retested MAJOR support area's, and have bounced back above 10k and seem to have stabilized.
#2: Nothing goes straight up or down, and yes we still have the 9600 CME gap to fill but I feel we have more up to do since we've seen a 2.5k drop since the top (12.5k), so if 10165 holds as support I don't see why we won't get a leg up to retest some of those levels (around 11000)
#3: There's a TON of liquidity above 10500 with high leveraged players & markets want to make as MUCH money as possible on every move. how would the markets do that? They can clear out leveraged shorts around 10750 - 11250 (maybe room for fluctuation) before heading to fill the CME gap at 9600 which 99% of gaps get filled at some point.
#4: Whales won't let weak hands make money on the next move up above 12.5k, so they'll go sideways, dump on you, and make you believe things are bearish to confuse you before turning the other way.
#5: I am a bull at mf heart and i see a beautiful trade setup here, the r/r never lies.
#6: x1 is around 10697, which is the resistance of prior candle.
#7 because i said so
Invalidation point:
9975 & this would mean I jumped the gun and should have waited for CME gap to fill.
The R/R is too nice to ignore here...
Remember, tomorrow is Friday and fuckery always takes place on weekends because of the lack of liquidity.
Trade your plan, and plan your trade.
Goodnight folks.
Daily conclusions after the drop:
#1: We've retested MAJOR support area's, and have bounced back above 10k and seem to have stabilized.
#2: Nothing goes straight up or down, and yes we still have the 9600 CME gap to fill but I feel we have more up to do since we've seen a 2.5k drop since the top (12.5k), so if 10165 holds as support I don't see why we won't get a leg up to retest some of those levels (around 11000)
#3: There's a TON of liquidity above 10500 with high leveraged players & markets want to make as MUCH money as possible on every move. how would the markets do that? They can clear out leveraged shorts around 10750 - 11250 (maybe room for fluctuation) before heading to fill the CME gap at 9600 which 99% of gaps get filled at some point.
#4: Whales won't let weak hands make money on the next move up above 12.5k, so they'll go sideways, dump on you, and make you believe things are bearish to confuse you before turning the other way.
#5: I am a bull at mf heart and i see a beautiful trade setup here, the r/r never lies.
#6: x1 is around 10697, which is the resistance of prior candle.
#7 because i said so
Invalidation point:
9975 & this would mean I jumped the gun and should have waited for CME gap to fill.
The R/R is too nice to ignore here...
Remember, tomorrow is Friday and fuckery always takes place on weekends because of the lack of liquidity.
Trade your plan, and plan your trade.
Goodnight folks.
Note
REMINDER: THIS IS NOT FINANCIAL ADVICE.I POST MY THOUGHTS AND IDEA'S, AND OF COURSE IT WON'T BE SHORT BECAUSE I BUY DIPS.
CME GAP 9600 IF 10150 GETS WIPED OUT, OTHERWISE WE TRADE THE PLAN AND TA AND THE TA SAID PUMP BEFORE MORE DUMP.
SEE YOU AT 11695.
Trade active
Many are saying we won't retest 11500 - 11700 and we'll just nuke below 10k.
I still like the r/r here, i might be wrong and thats perfectly okay.
Invalidation 9975, and if this gets hit 9600 CME GAP will get filled and from there we'll have to see how the levels react.
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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.
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.