Pretty self explanatory. Short to the bottom then long back to the top rinse repeat.
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Target for dump phase 1 coincides with the 200MA around 6550. Before we shoot back up there will be a shake out of longs, this will wick us down to the green long zone highlighted in the below screenshot.
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Per the above screen shot - we are nearing the final resistance highlighted by the yellow line. Once we break out we will drop. The max time until drop is 8am 28/05/2019 AEST. We might wick up to 8250 before dropping, but I feel this is unlikely as why would the markets want to fill all the shorts waiting there. Also volume is fizzling out so I expect the drop to occur realistically within the next 12 hours.
