Consolidation at higher prices is bullish in context of the recent directional move to the upside. The key question is whether the market has to break before it can rally.
Essentially, the last couple of sessions has been tough for both longs and shorts if trades are held for too long. In order to see a stronger directional move, the market must establish acceptance beyond this 4D composite, thereby creating the potential to hold trades for a longer period. Until then, it's advisable to stay nimble.
Thanks smashelito 💥 for your great writings and subconscious influence 😉. Have a great day 🏄
Your explanation of market context is getting better and better day by day and new learning for me with your every post ..
"The market remains challenging for traders who overstay their welcome in either direction."
Can you please ellobrate in brief this phrase ? Thanks !! Cheers !!
Essentially, the last couple of sessions has been tough for both longs and shorts if trades are held for too long. In order to see a stronger directional move, the market must establish acceptance beyond this 4D composite, thereby creating the potential to hold trades for a longer period. Until then, it's advisable to stay nimble.
Got it thanks 👍🏻👍🏻
Thank you buddy!
It was a fantastic day for both short and long positions, with levels performing exceptionally well as usual!