Not sure if this is the big short or not yet, but looking at price action it's been a jog up to this point, rather than a sprint, this tells me we're fine to short until at least the ascending dynamic trendline that reversed the last short.
We have an engulfing candle on the 1 hour, followed by a long-body doji, so I think we're going to see a push down.
If we go below then that's my reversal sign for bigger lots.
The problem is history tells us BoJ will intervene, this type of knowledge can force people to get in big too soon.
Let's see what happens from here, SL above the last high.
We have an engulfing candle on the 1 hour, followed by a long-body doji, so I think we're going to see a push down.
If we go below then that's my reversal sign for bigger lots.
The problem is history tells us BoJ will intervene, this type of knowledge can force people to get in big too soon.
Let's see what happens from here, SL above the last high.
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