DislikedThank you.
The problem I have is there have been literally hundreds of occasions this past 4 days where price looks to have peaked; plenty of high volume spikes resulting in shooting stars etc on multiple TFs. BUT, it's as if GS/BoJ bots then spring into action taking price higher still, on lower volume. And why the heck wouldn't those same 'bots' simply wait for any retrace and enter at better prices. The buying has constantly been at the highest premium. Makes me think 'someone' thinks even these prices are cheap.
Back to 132 sounds lovely....Ignored
That would lead me to believe that we are in a true ABC correction off the low and what we saw was the B wave completed down there at 132 and we are in the C wave up. . .
That being said then the chart would look something like this. . . Another way of looking at it I guess. . .