Not a good day for the shorts. Perfect 5 waves up since 9:30 open. The buy-on-the-dippers are back for sure. Every pullback has been bot.
yup work is cut off for short, lil anomaly from 81.00 and up so could be taken advantage of, if it was an anomaly, shorts don't have the momentum also for now. but leaning a lil more towards short at the moment. Only worry is maybe jumped too early and my entry is not the best and SL is too wide, but it is the best i can think of.
This does not look like a bear market pattern. It went pretty weak before hours and at the open, then suddenly it turned strong upside. This is either a bull market pattern, or there is some news supporting it. Maybe some good news is brewing but we don't know yet. I don't know if I should short it. Nor I don't dare to go long.
i am thinking that too either some news or trap cos 85.00 is level for bulls to consider seriously if they want to take price really high but with the ease the price went up today and how the downturn @81.00 was sustained and price was landed right above support is really unusual an anomaly for me atleast.
I would not be surprised to see today turn into an outside day, i.e., printing 2900 +. Me and others may be impatient for new lows on the daily chart and in the end be right, but new lows does not exclude larger up days in between.