Immediate term - Long

19 juin 2018

Buyers need to exit but first need to create the stops.
My read on the situation is to expect sharp moves up as MM hunts stops. Bulls will takeover once this H&S is complete.
Will consider making this trade if the price temporarily drops but MFI stays bullish.
Mid-term bearish.

Sincerely, Hard Forky

19 juin 2018

Note

6510 buy, 8k sell

22 juin 2018

Trade fermée: cible de profit atteinte

Trended as expected but now concerned that it will break the trendline. First stop is 6106 / Fib line but the fact that it did not break up into 6900 means I expect it will go beyond a retracement as people cash out and try to break even - into no-mans land.