EU Comment:
Sonicers, the Daily chart H&S looks about ready to come into play. It is impossible to know if the MMs will hike prices now to load up more shorts first, or if they will just ram the price thru any local support to begin a nice Mark Down phase. This is really a critical time to keep an eye on how the MMs play this.
I had an EU short trade running which closed at my TP. I figured at the time of the trade, and still do, that the MMs will re-hike price and reload shorts. That can only be a guess, though. I am looking to re-enter short and I just hope the MMs do hike prices for me to get a better re-entry price than the closing price of that trade. We will see.
-tah
Sonicers, the Daily chart H&S looks about ready to come into play. It is impossible to know if the MMs will hike prices now to load up more shorts first, or if they will just ram the price thru any local support to begin a nice Mark Down phase. This is really a critical time to keep an eye on how the MMs play this.
I had an EU short trade running which closed at my TP. I figured at the time of the trade, and still do, that the MMs will re-hike price and reload shorts. That can only be a guess, though. I am looking to re-enter short and I just hope the MMs do hike prices for me to get a better re-entry price than the closing price of that trade. We will see.
-tah