Short position were triggered on hourly chart and daily chart, also. Today's low was lower than both previous bars.
Today, Market gapped up, and satisfied the rally requirement due to the time cycle ingress, and to start heading lower.
As a matter of fact, today's range of the bar is 2% (on NASDAQ), from high to the low of the today's price range.
I have entered short (puts) positions just before the market closed.
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3 comments:
Excellent Market commentary and forecasting. Thank you Mr Syed
You are absolutely correct. Patrick and others!
Mr Syed ought to be honored by some sort of Award, for being so accurate and so humbling and benevolent.
Thank you Mr Syed
I have always benefited and made good amount of money, from his calls, whenever I took courage to trade it.
As a matter of fact, I made more from his forecasts, than during my whole career of trading (7 yrs). Because, I lost most of the time ;-)) before finding this land of opportunity Mr Syed's site
Thank you very much sir. May God bless you
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