uempel wrote:This was funny - some guys just don't want the market to tank.
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That is true, but like in that story of the Tower of Babel, BOTS seem to have their communications mixed up and generated this monster.
I don’t trade this kind of stuff!
nothing to say, it's consolidation. you can see the pattern as descending triangle so a little bit in favor of bears.
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on 2nd thought, maybe Symmetrical Triangle. either way, it's continuation pattern.
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uempel wrote:This was funny - some guys just don't want the market to tank.
ww.png
That is true, but like in that story of the Tower of Babel, BOTS seem to have their communications mixed up and generated this monster.
I don’t trade this kind of stuff!
I don't quite understand why bulls are defending 1313, I guess I'm missing something. I see more attractive levels for a bounce a bit further down. I'm slightly more bearish than bullish, but I don't mind going long for a nice bounce, even if it's tricky.