Free real-time lesson for all👇 Talk the talk, walk the walk
How does one easily identify a potential short-term momentum shift?
Past few days EOD pricing all closed around the respective day's low indicating weakness and inability to find a bid
Now, intraday bulls have a chance to close at highs today given the micro charts+key confluence from the morning bounce.
However, if price cannot muster enough strength by EOD then you know it's more of the same for continuous grind down until market finds another key level to provide stabilization.
FYI, I'm betting on market to close near day's high today with some of today's realized profits. Small calculated risk for big reward potential in the coming 1-3 days.
We shall see!