Theme:
An opportunity to open short positions or protect long positions in the midst of a rally. Prudence card, with multiple false bottoms, tops, or triggering of an indicator.
Around the High:
There is downward sideways fluctuation and bullish rotation.
Around the Low:
Positive economic news.
Overview:
There is a lucky moment early in the morning, so there is a push higher in the pre-market and we create support with an old resistance level. Then we have a breakdown through support level, and a failed attempt to break resistance, both right around the open. We break down though a diagonal trendline as volatility picks up in the first half hour. Moving out of that there is a lot of volatility between 10am and noon. There is a low correlator between 11am and 12pm. We have a notable move to the upside to reach a day’s high between noon and 2pm, likely right around 1pm. Then we have a sharp decline from that high or crest to a low, taking place just after. There is a big push to the downside and we do not revisit the high. We tank between 2pm and 3pm, and there is an opportunity to cash in. We criss cross back and forth three times over the same price level until we break through, confirming a bullish trend in the last hour. There is a price swing and sharp decline around the close, where we revisit and attempt to re-establish a support level in the post-market.
#MoonLeoQuincunxNeptunePisces @9:12am est.
#MoonLeoQuincunxPlutoCapricorn @7:07pm est.
#MoonLeoQuincunxVenusCapricorn @7:50pm est.
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