Shorts covering quickly
The evolutionary break of 1.260x unlocked the floodgates and buyers successfully captured the higher high. But the revolutionary attack would not be complete without capitulation and be as follows:
1. Taking 1.295x (there is no question of having broken above July 19th highs, since sellers have given up a lot of ground for it, will unlock a test of 1.331x as a minimum flow 2. Using 1.317x for reference. The idea behind this attack, as clear from this example, consists of forcibly clearing a way through the defences to unlock a momentum move. Here sellers themselves have to cover their positions, so that triggers the cascading and comradeship.
All we need to concentrate our forces on, is attacking if above 1.295x, till then we can continue sitting on our hands in a neutral position if not already loaded from below. Amongst other things, we also need to consider the forcible breakdown in Oil to $57 which will can add fuel to the attack.
1. Taking 1.295x (there is no question of having broken above July 19th highs, since sellers have given up a lot of ground for it, will unlock a test of 1.331x as a minimum flow 2. Using 1.317x for reference. The idea behind this attack, as clear from this example, consists of forcibly clearing a way through the defences to unlock a momentum move. Here sellers themselves have to cover their positions, so that triggers the cascading and comradeship.
All we need to concentrate our forces on, is attacking if above 1.295x, till then we can continue sitting on our hands in a neutral position if not already loaded from below. Amongst other things, we also need to consider the forcible breakdown in Oil to $57 which will can add fuel to the attack.
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