18th on confirmation.
In for a short technical culmination setup to 22-23 around major resistance with a very close stop. Rule #4 Take the setup without hesitation. Rules #1,2,3 Manage risk. Price action, price action, price action. What a great mantra.
- Old top late Oct.
- Didn't break the pull back bottom of 27th Nov.
- Double daily bottom 16th and 17th Jan.
- Back-test the minor downward trend line on the 16-17th jan.
- Low bearish volume. Lets see if we get some volume on no pump news.
Hopefully the arrow colors are ok? For the obvious conclusion that some may draw, its a technical setup - not a fundamental setup. Don't go Salem.
Its still highly speculative, so a tactical optic is required.
18th on confirmation. In for a short technical culmination setup...
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