Yesterdays bounce with gap is almost certainly a short covering rally at phi relation taken from 3 significant pivots.
It essentially provides buyers with a short window to get out with a small amount of grace.
Most likely service will be resumed to the downside and that gap will fill.
That said I'm not a financial advisor and your trades have nothing to do with me.
It essentially provides buyers with a short window to get out with a small amount of grace.
Most likely service will be resumed to the downside and that gap will fill.
That said I'm not a financial advisor and your trades have nothing to do with me.
Note
Press play and see that the gap has filled just as I said it would in just 2 days. That was your bully rally btw - the gap was smart money covering their shorts out of hours and causing a big star candle short squeeze rally. TNXP will trend to the next relevant fib before another bounce which will most likely be a long way down.
Not advice.
Your FA guru can't read a chart💭
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Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
Related publications
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.