Bears with shorts holding: market might pull back as early as next Monday, but the bad news is that I think there could be at least a higher high ahead. Good news is that I think there are high chances of those gains during next few days will be erased by next Friday and market will close in red. Then, we are likely going to see waterfall after next week.
Bulls: watch out for five-to-six weekly green bars on QQQ. Recent actions (especially 6-green bar) suggest a short-term to mid-term top within next few weeks. See it yourself.
I've often seen these similar scenarios for so many times. Whenever yellow histogram crosses below 0 in this 120-min chart, market either won't go anywhere or going down within those 2-hour (very very rarely an up bar). Then, the probability is high for a lower low ahead for the next bar.
This setup does not work to indicate bullish/bearish short term trend reversals.
狗仔卡
发表于 2016-8-7 04:08 PM
提升卡
置顶卡
沉默卡
喧嚣卡
变色卡
发表于 2016-8-7 04:20 PM
