Money Man is in caution mode. It is so easy to shoot yourself in the foot here. Tensions are still running high and Red Target 2 is still in play, but the most probable scenario now is pattern building. Money Man feels that volume on the green candles can virtually be ignored as the sellers at these levels have mainly done so already.
Conclusion: Make sure of what you are in for at these levels. Every green candle raises hopes and every red one does so despair, but the actual direction is not clear to read. It is possible to have some big candles now, but not the most likely, in his humble opinion. Very Important to me: Please like if you appreciate the effort, Please comment and develop this further and Please follow if you see this analysis thread going somewhere you would like to know about.
Conclusion: Make sure of what you are in for at these levels. Every green candle raises hopes and every red one does so despair, but the actual direction is not clear to read. It is possible to have some big candles now, but not the most likely, in his humble opinion. Very Important to me: Please like if you appreciate the effort, Please comment and develop this further and Please follow if you see this analysis thread going somewhere you would like to know about.
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