GM @everyone
As many were expecting a correction to happen, LTFs are showing some sort of over extended momentum here. We have seen a nice market manipulation driven by big players yesterday.
“SO, WHAT COULD BE THE NEXT MARKET MOVE? HOW DIP CAN MARKET MAY FALL?”
Well, the simple answer is, “nobody knows.”
Personally, I have my own expectations and I am sticking into my plan. When market broke through the HTF supply range, there was no fakeouts and dipper correction. The strength was decent, supported with larger volume. Also, the cosolidation period was pretty decent. With these type of reasons and also from my technical perspective, I am expecting some sort of pull backs or may be a correction followed by a larger move.
But always remeber, pull backs are possible due to lower timeframe’s price action. Higher timeframes are getting better and better everyday. So, don’t make any bad decision by looking at lower timeframes.
We will analyse the market according to daily basis price action rather than faking an imaginary lines. So, lets hope for the best and get prepared for the worst. Who knows, market may choose not to give a proper correction this time? isn’t it? HAHAHA
