Due to the Thanksgiving holiday our expected move didn't happen or did it?
Well I think the answer to that is yes (partially) and no.
What I think we're seeing isn't the move officially but a drawn out reversal pattern to send the trend down. As there is so much bearish pressure but also US holidays. The pattern appears very slanted to the downside.
If you had kept your shorts open from the top you would have still had around 60 pips out of around 200 by the end of the day.
I don't think anymore that we'll get another chance to short from the top. My current idea is price will steadily drop over Monday's Asian session (by end of Tuesday's Asian session latest) for another 100-150 pips.
We'll see how this plays out.
Well I think the answer to that is yes (partially) and no.
What I think we're seeing isn't the move officially but a drawn out reversal pattern to send the trend down. As there is so much bearish pressure but also US holidays. The pattern appears very slanted to the downside.
If you had kept your shorts open from the top you would have still had around 60 pips out of around 200 by the end of the day.
I don't think anymore that we'll get another chance to short from the top. My current idea is price will steadily drop over Monday's Asian session (by end of Tuesday's Asian session latest) for another 100-150 pips.
We'll see how this plays out.
