I don't know who is buying - probably dumb money - I know who is selling:
Big banks, funds - smartmoney...
The buyers are the short traders who are getting caught by margin calls and those bulls who exited this trade
earlier and now thinks that price is not going to stop and they are jumping on board.
No professional trader is buying at this level.
Trees are not growing to the sky: sooner or later buyers will disappear...Timewise we should have a correction next week.
And this correction will be a real tough bull market decline. The first decline of this bull market so get ready for a horrible
correction. Price will fall like a stone back to the 200 EMA in 2 months and might be breaking it marginally.
Price might pop up to the 2014 summer high at 27.70 which is the same level I calculated from the pattern.
The rally after the consolidation should be the same length as it was before the consolidation.
Big banks, funds - smartmoney...
The buyers are the short traders who are getting caught by margin calls and those bulls who exited this trade
earlier and now thinks that price is not going to stop and they are jumping on board.
No professional trader is buying at this level.
Trees are not growing to the sky: sooner or later buyers will disappear...Timewise we should have a correction next week.
And this correction will be a real tough bull market decline. The first decline of this bull market so get ready for a horrible
correction. Price will fall like a stone back to the 200 EMA in 2 months and might be breaking it marginally.
Price might pop up to the 2014 summer high at 27.70 which is the same level I calculated from the pattern.
The rally after the consolidation should be the same length as it was before the consolidation.
The reversal is very close...