This provides the path out in time to extend markup beyond 1300s and onto 1700. A general backup/retest is presumed to its relative activation level of 1120s; however, the previous nest had activation at 1143, so if that acts as a bounce zone preventing test of 1120s consider it a local sign of strength that gets the explosive follow through necessary to carry into upper channel by July 8 (the relative window for final nest), which would imply it makes it out of the previous relative window by July 9th.
To recap, if it makes it to 1300s the probability increases that it will continue to 1700s, which opens the door to 2333 - that will be difficult to continue from onto the goal target of mid 3000s at this pace - so that means either price picks up or they wasted all this time setting it up for nothing. Or it means trap was true intention but that would mean exsanguination.
Malleus Maleficarum
To recap, if it makes it to 1300s the probability increases that it will continue to 1700s, which opens the door to 2333 - that will be difficult to continue from onto the goal target of mid 3000s at this pace - so that means either price picks up or they wasted all this time setting it up for nothing. Or it means trap was true intention but that would mean exsanguination.
Malleus Maleficarum
Komentar:
As long as it holds 1089 nothing changes - it merely signals completion of the backup/retest following the sign of strength in the accumulation process.
Komentar:
1089 is from the initial accumulation, in earlier post. Underestimated its need to establish support here before markup.
There is some big money still averaging cost around this level which indicates markup might be more bullish the initially expected. Needs to hold here.
There is some big money still averaging cost around this level which indicates markup might be more bullish the initially expected. Needs to hold here.
Komentar:
Big Fax. I would never lie to ya'll
