Community discussions
๏ปฟSo whatโs the story?
Tuesday is the massive red day. Price never broke below the 50 EMA on the Daily timeframe, and it also failed to break below the previous dayโs low. Because of that, the market chose to build back up, and that makes sense. Monday acts as the buffer before that red day.
Remember: the market is pre-designed. Certain levels must be priced in. The market canโt bleed all the time. Just like before major earnings, price sells off heavily, then boom, earnings hit.
Once I saw a higher low on the 10-minute timeframe that failed to create a lower low, I waited for the 30-minute candle open to confirm and held my buys. ๐๐ That patience paid off, Iโm currently up $1K+.
And yes, the market gapped up.
Happy trading.
Account LOCKED ๐
I believe before we bleed a lot, we will need to build up for some room. Tuesday is a massive hell red folder day, so if we can build up for Monday and crash on Tuesday, it makes sense. If it opens slow without any big movement in the next 7 minutes then. We wait. We don't trade chop.
