After a strong bullish start to the week, we see Bull losing steam with the magnitude of new high getting smaller. The first clue that Bear is poise to take control is on Thu with a Bearish H4 impulse move. The rejection of the Thu high on Fri and subsequent Bearish Daily closed confirm that Bear is taking control. Those into volume profile analysis would have notice that Fri close is below the value area which add more conviction that Bear is taking control. Will be looking to SHORT on pull back in the coming week.
DISCLAIMER:
Any opinions, analyses discussed in this presentation are just my personal opinion and do not constitute investment advice.
I do not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
DISCLAIMER:
Any opinions, analyses discussed in this presentation are just my personal opinion and do not constitute investment advice.
I do not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.