The Rectangle Flirting with a DropThe Rectangle Flirting with a Drop" 😏📉
Like the market is saying: "Wait for me, boss… I’ll surprise you with a drop that’ll make the crowd cheer."
Tokyo? Feels like standing on the bridge at 5 AM — totally quiet. The real action starts when London comes in.
🥊 Quick Story, Boss
Right now, we’re in a small box of supply and demand.
The market is just chilling, drinking tea, waiting for London to wake up.
1. The Pattern (Price Shape)
Schabacker says: when price moves sideways after going down, most of the time it will keep going down.
This is called a bearish rectangle.
2. War Zones
Resistance: around 3380 – 3383 (price goes up there, gets smacked down).
Support: around 3370 – 3372 (price drops there, finds some buyers to stop it).
3. Volume
Tokyo is sleeping, volume is very weak.
Schabacker says: “If price breaks without volume, it means nothing.”
So, the big move didn’t come yet.
4. Trend
Price was falling before entering the box, so logic says: if support breaks, price will keep falling.
5. Market Psychology
Big traders now are selling slowly inside the box, giving their stock to beginners who think price will go up.
🎯 Schabacker’s Bottom Line
Wait for price to break 3370 with high volume.
When it happens, the drop will be fast.
🔥 Example Trade (Educational)
Order Type: Sell Stop (sell when price drops)
Entry: 3369.50
Stop Loss: 3376.50
Take Profit: 3355.50
Reason: Strong resistance above, weak volume above, main trend is down, and Schabacker says this is a drop signal.
