DAY CANDLE ABOUT TO CLOSE - MOVE TO THE UPSIDE IMMINENT

This is quite a consolidation isn't it. I can see it moving to the upside. Every time I've experienced a consolidation like this, it's moved quite heavily to the upside. Once this day candle closes, we'll be looking for a continuation to the upside.

Hope you're in, Happy Shibbing!

Kommentar:

While it's taking a dip right now, it very much feels like a trap to liquidate heavily leveraged long trades. I get skeptical when I see a dip in these scenarios. As Daniclz said in the comments, "Undoubtedly" ... let's see how this one plays out.