Triple distribution trend day to the upside following the lack of interest below yesterday's afternoon pullback low of 4546. I will use the lower end of today's upper distribution as a short-term reference point.
"Seller above value" such bullseye insight. Today market is basically doing one thing only: stopping out "local top sellers" lol, with new year high making and not much reference at highs from recent, one can just draw a horizontal line at "new high" then wait for that impulsive move to take out stops :D
Thanks the daily guidance Smash!
"Seller above value" such bullseye insight. Today market is basically doing one thing only: stopping out "local top sellers" lol, with new year high making and not much reference at highs from recent, one can just draw a horizontal line at "new high" then wait for that impulsive move to take out stops :D
On NQ it was even worse... they had 50 points of single prints on Microsoft announcement.
I'm sure it's different for everyone, but the impulsive rallies that come with forming a multidistribution are very tricky for me. 😞