My apologies I meant to post this 24 hours ago but fell asleep after a great weekend trading.
Then while many were sat waiting for the drop, I went to work as it was Monday morning.
More often than not, the simple answer is the right answer.
Many people were calling a drop toward the end of the day/week.
Target: 64 - 62
I took one look at the weekly and was confident it would not drop.
If it dropped below 6480, the weekly candle would have turned RED
The panic would then spread as people looked at the previous candles after the peaks and would make the comparison two red, a green then a big drop.
That is how I see it and is what I think is the main reason there was no dip toward the end of the day.
I am still not confident in the short term trend but am looking to short over 7k in the near future followed by a drop to the levels expected on Sunday.
Trade conservatively everyone!
Then while many were sat waiting for the drop, I went to work as it was Monday morning.
More often than not, the simple answer is the right answer.
Many people were calling a drop toward the end of the day/week.
Target: 64 - 62
I took one look at the weekly and was confident it would not drop.
If it dropped below 6480, the weekly candle would have turned RED
The panic would then spread as people looked at the previous candles after the peaks and would make the comparison two red, a green then a big drop.
That is how I see it and is what I think is the main reason there was no dip toward the end of the day.
I am still not confident in the short term trend but am looking to short over 7k in the near future followed by a drop to the levels expected on Sunday.
Trade conservatively everyone!