For many, this analysis for the next couple of months is likely to seem abnormal, however, I think we should keep it in mind. I call this figure "Batman" of the Market Maker, as it literally crawls in the opposite direction from the impulse on the shorts averages in this case, as well as those who catch corrections to continue the trend down.
And here's the most possible scenario. I'm not marrying it, I'm just throwing it away, as an option.
Main resistance zone $7675-7825. If someone enters the shorts from the Main Resistance Zone, it is better to put a $7820-7850 limit on the shorts (at the end of the zone), a stop loss of $7900. The wider the stop, the smaller the position. There is a risk that the limit may not be reached, but a test at this level is very likely. It is better to close the long at the beginning of the zone or even a little ahead of it at $7650. It is better to do it so that it is guaranteed to take profit on the long side, but to enter the reverse deal is the least risky (it is better not to enter than to sit in the drawdown).
And here's the most possible scenario. I'm not marrying it, I'm just throwing it away, as an option.
Main resistance zone $7675-7825. If someone enters the shorts from the Main Resistance Zone, it is better to put a $7820-7850 limit on the shorts (at the end of the zone), a stop loss of $7900. The wider the stop, the smaller the position. There is a risk that the limit may not be reached, but a test at this level is very likely. It is better to close the long at the beginning of the zone or even a little ahead of it at $7650. It is better to do it so that it is guaranteed to take profit on the long side, but to enter the reverse deal is the least risky (it is better not to enter than to sit in the drawdown).
