EU Comment:
Boring! The Big Money London Larcenists! Just holding price now in a range, maybe until the US open. Maybe they figure on a passel of new suckers coming in on the long side to help them unload some of the crap they are still apparently holding. Looks like we're in for the entertainment of another Pump & Dump, or Wycoff Distribution, or whatever you wish to call the act of Big Money manipulating price in an effort to extricate themselves from longs and take on shorts, at the expense of others and using the trickery of price manipulation to deceive others into thinking what is not.
This pull back to S&R is a short entry opportunity.
Boring! The Big Money London Larcenists! Just holding price now in a range, maybe until the US open. Maybe they figure on a passel of new suckers coming in on the long side to help them unload some of the crap they are still apparently holding. Looks like we're in for the entertainment of another Pump & Dump, or Wycoff Distribution, or whatever you wish to call the act of Big Money manipulating price in an effort to extricate themselves from longs and take on shorts, at the expense of others and using the trickery of price manipulation to deceive others into thinking what is not.
This pull back to S&R is a short entry opportunity.