ridethepig | SHCOMP Market Commentary 2020.01.31
Actualizado
As usual thanks for keeping your support coming with likes, comments and etc... Lets get started with a round of important chart updates coming today (which btw is extraordinarily late after a week ban). I would like you to note the position arising here looks as though its "business as usual" for the dip buyer crowd, whereas sellers are seeking salvation in a momentum breakdown against the support.
The 2793.xx has now been exposed and the base is open for a typical attack. The macro cycle swing down started here when we traded the highs in April year:
As we know, the philosophy of a swing which we have dealt with can wield sound reason for the evaluation of any possible scenarios where flows are involved. But as this example will show, the theory of swings we have widely mentioned in previous charts can also be useful to highlight the notion that battlefields exist.
So we are talking here about an area which is needed to break in order to form the breakdown as a first premise. I would recommend that you try to technically understand the two different sides in play, notably should we fail to breakdown then the swing to the extreme topside with a rebound through the red line as the other scenario (this will come via coronavirus fading). It is possible to remain indifferent to direction without great difficult in the game.
German Equities are now forming a high and already appear to be coming off:
To secure the breakdown we will need Europe and NY to keep the pressure on today, SHCOMP is closed till Monday so gaps expected! Good luck!
The 2793.xx has now been exposed and the base is open for a typical attack. The macro cycle swing down started here when we traded the highs in April year:
As we know, the philosophy of a swing which we have dealt with can wield sound reason for the evaluation of any possible scenarios where flows are involved. But as this example will show, the theory of swings we have widely mentioned in previous charts can also be useful to highlight the notion that battlefields exist.
So we are talking here about an area which is needed to break in order to form the breakdown as a first premise. I would recommend that you try to technically understand the two different sides in play, notably should we fail to breakdown then the swing to the extreme topside with a rebound through the red line as the other scenario (this will come via coronavirus fading). It is possible to remain indifferent to direction without great difficult in the game.
German Equities are now forming a high and already appear to be coming off:
To secure the breakdown we will need Europe and NY to keep the pressure on today, SHCOMP is closed till Monday so gaps expected! Good luck!
Operación cerrada: objetivo alcanzado
Flawless ... a 8% move
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