Now let’s drop down to the 1D timeframe. This is where things start to get interesting.
Last time I talked about the idea of the Bulls allowing the Bears to retrace into the golden/silver pocket (the 681 and 786 zones) for a clean and healthy bounce. That scenario made sense structurally and a lot of traders were patiently waiting for it.
But price does not owe anyone a perfect entry.
What we are seeing now is the possibility that the Bulls are changing their mind. Instead of giving a textbook pullback they may be front running the golden pocket entirely. Or this could simply be a controlled tug on the line. The kind a fisherman uses to make the bait jiggle just enough to get the Bears to bite early.
Either way this is where discipline matters. Because if this move holds the 1D candle is already showing strength. It looks bullish. It looks intentional. Like it woke up this morning drank a cup of Folgers and chased it with a shot of wheatgrass.
And if this does turn out to be a front run the Fibonacci traders are going to be heated. But that is the lesson. The Jungle does not reward expectations. It rewards those who can adapt when price reveals its hand.
Last time I talked about the idea of the Bulls allowing the Bears to retrace into the golden/silver pocket (the 681 and 786 zones) for a clean and healthy bounce. That scenario made sense structurally and a lot of traders were patiently waiting for it.
But price does not owe anyone a perfect entry.
What we are seeing now is the possibility that the Bulls are changing their mind. Instead of giving a textbook pullback they may be front running the golden pocket entirely. Or this could simply be a controlled tug on the line. The kind a fisherman uses to make the bait jiggle just enough to get the Bears to bite early.
Either way this is where discipline matters. Because if this move holds the 1D candle is already showing strength. It looks bullish. It looks intentional. Like it woke up this morning drank a cup of Folgers and chased it with a shot of wheatgrass.
And if this does turn out to be a front run the Fibonacci traders are going to be heated. But that is the lesson. The Jungle does not reward expectations. It rewards those who can adapt when price reveals its hand.
Red Elephant
Need More TA? The Elephant Jungle: redelephant818.substack.com/?utm_campaign=profile_chips
Trade On KCEX Lowest Fees: kcex.com/register?inviteCode=TV04VP
Follow On X (Twitter): x.com/RedElephant818
Need More TA? The Elephant Jungle: redelephant818.substack.com/?utm_campaign=profile_chips
Trade On KCEX Lowest Fees: kcex.com/register?inviteCode=TV04VP
Follow On X (Twitter): x.com/RedElephant818
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。
Red Elephant
Need More TA? The Elephant Jungle: redelephant818.substack.com/?utm_campaign=profile_chips
Trade On KCEX Lowest Fees: kcex.com/register?inviteCode=TV04VP
Follow On X (Twitter): x.com/RedElephant818
Need More TA? The Elephant Jungle: redelephant818.substack.com/?utm_campaign=profile_chips
Trade On KCEX Lowest Fees: kcex.com/register?inviteCode=TV04VP
Follow On X (Twitter): x.com/RedElephant818
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。