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Hi w,
Yes, the trapped bears bar is a magnet for the future. But I think another magnet is midpoint between trapped bears (A) and where they scaled in (B) so BE at (C). That location also coincides with COY which is always a good magnet and 60M EMA. And there was a strong reaction in that area from many taking profits.
Hope that helped!
CH
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BPA Telegram Group
But I think another magnet is midpoint between trapped bears (A) and where they scaled in (B) so BE at (C). That location also coincides with COY which is always a good magnet and 60M EMA. And there was a strong reaction in that area from many taking profits.
80% Breakeven point / COY / 60M EMA
Confluence of targets = higher probability
More computers are trading it. That's a great setup
thanks
