If shorts cannot explain the bullish rally, the longs are your ally. In this case it broke the multiple perspectives of trends. It broke, it bounced, it broke down another trend and then it bounced again and after all these fights, it finally broke up everything with a desperately spike of freedom.
And who was the hero this week?
Bank of Japan. No wonder why it is coincidence that in such a critical point the bank announces a quantitative easing.
And who was the hero this week?
Bank of Japan. No wonder why it is coincidence that in such a critical point the bank announces a quantitative easing.