Waiiing for confirmation of re-accumulation. Want to see if the buying is sustained at support or immedialy below it.
Supply pressure does look light at that last high.
Listen to the chart, not the news... or at least do not prioritise news. Wait for the price's reaction AFTER the news.
Good news will generally start circulation as the CO wants out.. he needs suckers to sell to at the highs.
Bad news will generally start circulating as the CO wants IN... He needs suckers who chased short to buy from....
Buy low/ Sell high.
Lets see if fib/support holds here.
Supply pressure does look light at that last high.
Listen to the chart, not the news... or at least do not prioritise news. Wait for the price's reaction AFTER the news.
Good news will generally start circulation as the CO wants out.. he needs suckers to sell to at the highs.
Bad news will generally start circulating as the CO wants IN... He needs suckers who chased short to buy from....
Buy low/ Sell high.
Lets see if fib/support holds here.