The markets are playing with US!
Breakouts to the upside - no follow-through
Breakouts to the downside - no follow-through
WEARING market participants out
Basically, the bus is slowly being emptied -
BOTH buses!
BEAR BUS
if you can trade a bear move and get it RIGHT - it can be exhilarating - Think rollercoaster ride
BULL BUS
Bull moves - slow and steady (generally) not as much adrenalin rush
What does this look like on a chart?
Nasdaq weekly
clear rising wedge (usually a bearish formation, although to really clear the bus, typically it will rally above the line (shorts will run for cover and bulls will load up), before a sharp reversal.
Conversely - if it breaks down, similarly it will fall sharply and then rally to re-test the break - catching many market participants out
With ALGO trading dominating the current market, the moves will be exaggerated
Step back to see the TREES!
Technical analysis of Major Markets, F/X, and anything that can be traded This is my diary for trading Views expressed in this are only for educational purposes. They ARE NOT recommendations to BUY or SELL anything!! ALL comments and criticisms welcome.
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