CL
Look what happened last time
bottom, breakout, squeeze
so if this double bottom can hold, and breakout, the shorts will be forced to cover again
[it never happens the same; this is just for reference; it's called "recency bias"]
hourly
Daily still looks dismal
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
BullBear52x wrote:intraday negative divergence but my take on this one looks bear trap setup.
Caught me!
Come2Papa sell fails before I will say this bulls has legs for now it just a dead cat bounce. My mid to long term buy triggered today this is why I think bulls might have chance today, but if fail the buy (Mid to Long term) this time it will be second fail on this major peak. I am expecting a big fight in this latest consolidation range.
My comments are for entertainment/educational purpose only. NOT a trade advice.
BullBear52x wrote:intraday negative divergence but my take on this one looks bear trap setup.
Caught me!
Come2Papa sell fails before I will say this bulls has legs for now it just a dead cat bounce. My mid to long term buy triggered today this is why I think bulls might have chance today, but if fail the buy (Mid to Long term) this time it will be second fail on this major peak. I am expecting a big fight in this latest consolidation range.
I was going for a small trade and the breadths turned. I thought it was a hiccup but they turned with conviction. 3 for 4 today.
Last edited by Out of Bounds on Tue Jan 27, 2015 2:22 pm, edited 1 time in total.