Daily flat about to be completed

Od mark124

Zaktualizowano

Shorts about to be squeezed and market participants likely get bullish straight into finish of wave "C" ;)

Uwaga

Bare in mind that even 7.6-7.7 is enough to complete flat. Doesn't have to go that high as marked on the chart.

Uwaga

Going with plan.

Uwaga

Some data not present on chart:

reversal zone is quite wide and around 8280-8650 so it might go little bit higher than marked.

Uwaga

Target was hit

Uwaga

However we see that this is quite strond indeed and might overperform towards 9200 area. If it does, then it's more like ABC correction - not a flat one.

Uwaga

Market might retrace to 7.8 with quick crash anytime from now. Odds are not big but stay prepared.

Uwaga

Either with correction or without.

Uwaga

In case of correction it should be quick one with long wick.

Uwaga

Initial target were hit with precision up to 5$.

Uwaga

Inv about 10.45 stamp. Reveral zone is quite broad from 9 to 9.6, not looking for tops or bottoms as always.

Uwaga

Measured target for H&S from bottom is around 9440. Dont get caught in bullish euphoria here. This is potential reversal zone which can result in great multi-day swing play.

Uwaga

Target hit with few dollars precision

Uwaga

However we expect that this might get pulled up for one more strike up.

Uwaga

Bottom is just rough estimation.

Uwaga

Today is friday so cme close, if this doesnt get pulled to at least 8.7 before close - 7.9xx-8xxx visit might be on cards.

In this case the proper spike up we mentioned above might get delayed until next week.

Uwaga

In theory area was areached, but timings might not allow this one to trigger (READ ABOVE UPDATE). Weak CME close will result in further selloff during the weekend.

Uwaga

CME Closed at 8.5, this is not bad and no good. Staying neutral.

Uwaga

As update: we're expecting market to make some new local lows then bounce towards target market in above chart (9xxx). The possible reversal zone is from 7950 to 8130.

Uwaga

Previous idea from update invalidated . Market should reach 9.6-9.8 after some pullback from 9.4

Uwaga

Worth to be aware of this line, while everyone will be watching 9.7 - the most obvious target.

Uwaga

We're leaving our long positions in this eclipse, if we get there

Uwaga

Channel to watch as well (btc likes to sometimes break to upside in euphoria stage)

Uwaga

We're closing 30-35% off long positions at around 10300-10430 zone.

Uwaga

Next TP zone at 10900

Uwaga

As we forgot to update: We currently refilled 30% around 9400 and are still expecting to reach 10900.

Uwaga

Change of plans. We scaled out of entire long position.

Uwaga

We'll be back to longs, only if market reclaims 10500 with strong close above.

Uwaga

Soon to be done, slight underpowerformance on top but expecting reach of 9150-9300. Anything below might signal deeper correction in place.

Uwaga

Target hit. Possible stop hunt before scenario below (to ~8.8).
Invalidation of scenario - 1D close below 8.75

Uwaga

Previous idea manually invalidated. New one:

Uwaga

Killing last idea as well although the inital target was reached.

Staying fully neutral for next days.

mark124

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