Despite everyone's anticipation of a market correction and even big crash, the price continue to climb keeping the relentless up trend intact. The technical analysis and simple trend lines help to stay objective and tag along with the price or wait on a sideline for a sell signal if this is your preferred direction.
There is no way to say when the sell signal is created what is for sure is that the market makers will not start selling when everyone is expecting it. It is against the nature of their business to show the hand. However, the price action, if read correctly, gives away their intend. Failure to make a new high, a consolidation - are signs for a potential sell signal to come. One need to remember: a buy or sell signal occurs is an official invitation to the public when the market maker has finished accumulation/distribution and initiated an advertisement campaign to either sell or buy at discount. They always buy low and sell high, they always win. If you want to succeed in this business you need to think like a market maker.
Have a great weekend!
06/26/2021
There is no way to say when the sell signal is created what is for sure is that the market makers will not start selling when everyone is expecting it. It is against the nature of their business to show the hand. However, the price action, if read correctly, gives away their intend. Failure to make a new high, a consolidation - are signs for a potential sell signal to come. One need to remember: a buy or sell signal occurs is an official invitation to the public when the market maker has finished accumulation/distribution and initiated an advertisement campaign to either sell or buy at discount. They always buy low and sell high, they always win. If you want to succeed in this business you need to think like a market maker.
Have a great weekend!
06/26/2021
