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Unique wrote:ES hourly: Bears defended the line in sand 78.6% fib 1979.49 so far...4minutes from closing
AMZN bears looking to go for 15m 20ema 540 right now
Bears need help from fear, right hand side. a trade above 233ma will help the bear out so far no fear.
Relentless 5m 8ema+20ema bull train today. 15m 8EMA bull train for smoothed out chart!
Slow grind ups when signals are extreme overbought are vicious cuz traders keep trying to short it, then get stopped out quickly from higher highs of 1-2 pts really fast
Constant cycle of battle
Unique wrote:ES hourly: Bears defended the line in sand 78.6% fib 1979.49 so far...4minutes from closing
AMZN bears looking to go for 15m 20ema 540 right now
Bears need help from fear, right hand side. a trade above 233ma will help the bear out so far no fear.
Relentless 5m 8ema+20ema bull train today. 15m 8EMA bull train for smoothed out chart!
Slow grind ups when signals are extreme overbought are vicious cuz traders keep trying to short it, then get stopped out quickly from higher highs of 1-2 pts really fast
Constant cycle of battle
so far bears are struggle. the relief rally pull back is near tho.
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My comments are for entertainment/educational purpose only. NOT a trade advice.
Testing the 78.6% fib 1979.49 again, looks like they really want to squeeze this to the cup and handle 100% measure move at 1998.
Looks like overbought conditions don't matter as long as bull train keeps sucking in short sellers and making higher highs to squeeze ...
what an impressive accomplishment by bulls cool Zero follow thru bear reversal price bars for the entire day.
Overnight session might relieve some of the the hourly overbought conditions
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