CordovaCapital

The Sky is Falling. Titanic is sinking.

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The following is my interpretation of the action to come in the next 1-2 weeks as investors realize the gravity of the economic crisis at hand. This week was propped up by market makers pressing against the majority for profit and preparing themselves for the large short move to come. There were several large stop hunts and 3 days of bullish movement, which was even more concerning to me. Huge potential for drop this next week, which will shock the markets! I honestly hope i am not right on this, but the downfall of the markets in this medical necessity crisis is unfortunate on a large scale. If you're shorting the market, levels are not exact, stop hunts are plentiful, place sufficient stops for your trades, don't over leverage yourself and be SMART. Don't risk more than 3 % of your account per trade. You'll be stopped out quick because of margin calls in this market. Be patient, find good entries and think about the fundamentals of the market..... and probably do the opposite (lol, the market makers are out for blood). Good luck. Use larger time frames like q4hr to make your entries.
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