So.... why did we stop here...? Have you heard of single prints? These give powerful S/R levels.
When price shoots through levels it leaves behind single prints (TPO theory) and these act as magnets for price.
We filled the Sp's to the dollar, like really - to the dollar. Don't try to tell me this market is random and TA does not work.
After the fill, we got a pullback of 5% then bouncing of of the range VAL and doing a Swing failure patter (stopping out the early shorts, making people call for a breakout - eg. building liquidity to fill large sell orders.)
The news is always late to the move. Trade the charts.
No financial advice, only paper trades.
When price shoots through levels it leaves behind single prints (TPO theory) and these act as magnets for price.
We filled the Sp's to the dollar, like really - to the dollar. Don't try to tell me this market is random and TA does not work.
After the fill, we got a pullback of 5% then bouncing of of the range VAL and doing a Swing failure patter (stopping out the early shorts, making people call for a breakout - eg. building liquidity to fill large sell orders.)
The news is always late to the move. Trade the charts.
No financial advice, only paper trades.