So the short is still going OK and we have just had a purple in the hourly which is good news! (for bears)
unless we see blue to cancel it out bears are on course.
The last recovery of a green vector candle with a red one resulted in a pewney $0.50 buy. This coupled with the fact that we have now had a purple could mean the bear's worst fear for now is that we go up to recover that red vector at the top before dropping.So for now, our shorts will run into the green vectors below until we see one really give us a reason to go long again. And even then we are aiming at the recovery of the red vector and only staying long beyond that if we see blue.
unless we see blue to cancel it out bears are on course.
The last recovery of a green vector candle with a red one resulted in a pewney $0.50 buy. This coupled with the fact that we have now had a purple could mean the bear's worst fear for now is that we go up to recover that red vector at the top before dropping.So for now, our shorts will run into the green vectors below until we see one really give us a reason to go long again. And even then we are aiming at the recovery of the red vector and only staying long beyond that if we see blue.
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