August 3, 2016
- in Uncategorized by schooloftrade
Market Psychology Of A Strong Bear Trend Open On Gold Futures; SchoolOfTrade.com
We opened up the day with a small gap down that lead into massive selling pressure off the EMA test. This also gave a near gap fill miss that will have a lot of buyers who didn’t get their targets nervous and likely to exit causing a spike down.
Once the spike down occurred, now we have a huge amount of bearish sentiment that will pile into the market knowing that buyers are trapped and they will do everything they can to get the stop run for a bigger move into easy targets on the sell side!
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