This is a continuation of previous margin analysis where I think the 4th is over and market should now go bullish. The bearish path still can happen but this analysis is bullish focused on a possible 5th wave.
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Market still going down while Margin trade is going bullish
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Looks like we got a double top for Margin trade as Price action is in divergence with leverages. Basically the price is very close to what was on previous low but with a lot more leverage. It is very dangerous for bulls who could get engulfed. It make it's top right at 1.0 Circle fib, so there is a chance leverages got reduced here on the bull side. Price action on the other hand got triangulated on preparation for the next big move.
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Bulls are getting margin called or what looks like tremendous reduction on long margin positions
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Bull margin already starting to rise again !
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Looks like a double bottom here
