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ETFs Continue To Bleed With Zero Inflows, Institutions In Panic?
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Question for you guys...!!!! TIA found a bottom at $5. It triple-bottomed and reached the upper band of this price channel. It is bouncing off daily support and the 4hr support. The price is above all three moving averages. What would you do here? Do you go SHORT or LONG? $TIA
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I was just watching this break out earlier in the day. What will it do next? Could it break to the top? $FXS
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It is a beautiful green hour. Is this a small pullback to the upside in a macro-down trend? Or.... Could this be the reversal? Can the retail traders reverse the market without institutional participation?
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It is still a red day. But....
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EOS broke down as expected even though I got out at break even. LESSON The principle behind the EOS trade was this: When an asset gets into a longer consolidation while in a downtrend, it tends to break further down. The longer the consolidation the harder it falls. Usually, they make measured moves, take a look at the yellow arrows. They make similar moves. My TP (take profit) is exactly at the end of the arrowhead. Never mind if you miss the trade, but don't you dare miss this lesson. $EOS
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