For EDUCATIONAL PURPOSES ONLY. This is not an investment advice.
Longs appear to be on the defensive and exiting their positions. This coupled with new shorts, smelling the parabolic climactic conditions, and what do we get ? Lower Peaks and Lower Troughs. A classic Dow Theory intermediate term trend reversal on hand in this hourly time frame.Control and commitment now in the hands of the bears.
Expectation now to see further lower prices over the next 4 - 8 days, or at best, flat price action behaviour.
Analysis continues at the chart technician....
Longs appear to be on the defensive and exiting their positions. This coupled with new shorts, smelling the parabolic climactic conditions, and what do we get ? Lower Peaks and Lower Troughs. A classic Dow Theory intermediate term trend reversal on hand in this hourly time frame.Control and commitment now in the hands of the bears.
Expectation now to see further lower prices over the next 4 - 8 days, or at best, flat price action behaviour.
Analysis continues at the chart technician....