Hello everybody. Retail is labeling ( ) as an right now. Please do not be fooled by these gurus that are not knowledgeable in this craft. An is simply a break and retest of your break on your not some magical pattern that makes you money. That being said it is possible this “pattern” fulfills due to the logic behind blackjack theory. has been in a very tight range on the 4 hour and daily since Christmas day and sitting on the equilibrium of our intermediate range. The price action is quite corrective after an impulse ( case) and continuation is more than possible. What you should be looking for here is where does the nearest liquidity lay? If we can break this range (green prediction) and see a retest to the upside off the range I would be entering long with ( case) price reaching the equilibrium of the macro range and most likely extending for our (labeled major consolidation block). case(red prediction) would be the fact that we have equal lows on the weekly off the meme 200 ma and thus price could run for this liquidity pool to clear stops into the lower range.
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Trader_Tristan
Published at Sat, 05 Jan 2019 18:42:29 +0000
