This is a republish of my Margin trade analysis, with bulls about to make a new higher high. Let's see how this unfold and try some Circle fibs on it.
Comentário:
Bulls got a bit reduced today and below our dashed line, let' see how this unfold
Comentário:
Margin Bulls just exploded even with recent correction
Comentário:
Heavy correction going below the MA50, you could say it is now bearish market but not too much spot action
Comentário:
Circles are doing a good job here, looks like it is going for a 4th wave here
Comentário:
Maybe not a 4th wave if it leaves the red 0.236 Circle fib upwards. It's a bit tricky at the moment.
Comentário:
Bull margin going up with with market going down
Comentário:
Market still heavy on the buy side, not clear when this possible 4th wave will finish, maybe after futures expiry on friday.
Comentário:
Leaving the 0.618 circle fib bullish looks like this is the end of 4th wave
Comentário:
Margin is increasing on the bear side since exit from 1.0 curve.
