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* you telling the market not to lower
King could be, see how it reacts when it closes the gap, can it reclaim around 107 finish near the high or will it go down for the 102
And the problem with 103.7 is that’s you telling the markets to go lower
The market needs to tell you it doesn’t want to go lower if you get me
The rsi’s don’t always bounce from oversold!
sometimes it takes them to come out of oversold and when the sp goes lower again the rsi hold around 30( diverge again)and they can bounce
I think it’s setting up beautifully tho
Just let it play out n be patient
Don’t think it’ll be too long
I’d like it to put in a bottom soon and set up for curling round
I think the drops getting to the overdone stage
You have to let the market show you tho
Fade it down all day then a small bounce of the lows around 102 would be nice
That’s what I want whether I get it or not is upto the market 😁
Hi longer, I didn’t say it would drop below £1 I said personally I don’t think it will.
But they can over shoot.
This could just be a small bounce before another leg down, you’ll know more in a day or two
This is what I wanted tho, it to drop. And if it moves like they normally do you will understand why I wanted what I did further down the line
All the ducks are lining up perfectly here imo
It’s doing exactly what it needed to do
I disagree Sid.
If this moves anything like they normally do
3/4 months you’ll all be pleasantly surprised
That’s what I think
What’s worse is it was pointed out what was goin to happen and they still run around like headless chickens
The sad thing is it could set up again like this in something else you hold and 90 % of you wouldn’t even realise
Key levels around 110, 107, 102
Jg because that’s how price moves ….
Don’t under estimate the power of dividends
Are turn will come
Been telling you this was coming since day 1
👀 🍿
Remember it needs to this if you want a strong move
This is setting up bullish and most of you don’t even realise
I might go lower yh and I hope it does because that’s how the selling cycle usually ends and it bounces with strength
Personally I don’t think it will go sub £1 but they can overshoot and leave you there thinking wtf just happened
It’s cheap now so if it goes lower you call the markets bluff and make yourself rich
yes be careful about what news you read/believe it seems nearly everyone has some sort of agenda
look what matt moulding from thg posted recently about the ft writing a bad article because they found a fraud warning in there audited results
when every set of uk audited results have them even the ft themselves 😂
it’s ******* stupid
not to mention the brokers -absolutely shocking
dark i’m not underwater bud, i want a dip under tho as crazy as it sounds
only because i believe that’s what’s going to get this moving
when it sets up like this it can pull aggressive but thats usually when sentiment is awful
it’s not here, business is doing ok
You want them to try pull it lower it has to do that to bounce
I’ve been saying since I got here
You need the 4hr rsi back down around 30 now
Basically they try to flush it but the bulls come in and block it then this happens
https://ibb.co/Srr9WNc
Or in simple terms
Jacks got the magic beans
He has to dig down to plant them
Then the beanstalk will grow 😂
I’ve been lucky enough to see first hand how some of the professionals operate
I’ve already proved it on another board and if I was to go into how successful they are you wouldn’t believe me but the point I’m trying to make here is every single one of them can short
It’s not coincidence
If you want to be good at this you need to learn it you don’t even have to short but it will help you massively going forward
Think of it as attack and defence and learning both sides
Shorting is good for the market
As long as it’s in the rules I don’t see a problem
I agree with poker all we’re doing is gathering up the bulls
https://ibb.co/L643ppX
Longer very good question I was debating that myself, if it where it would continue to curl round and gain strength, but they’re usually strong from the off
I’ve seen it set up like this a number of times
It’s one of the best u can get imo
look what happened to Afc on the 2nd of July when I wrote this
The rsi shows bullish divergence now
Put it on 4h
Notice how It's making higher lows while the sp is still making lower lows
That's BULLISH believe it or not
And tells me it's setting up to bounce
where at a key level and we have a buyer starting to accumulate also
I think It's shame some of you can't trade because it would definitely make you better investors
The rsi will give u a good idea when it’s bottoming if you know what to look for
The reason I think there’s one last pull In store and a new low is because there’s no strength u can notice yourself when it rises it usually fades back when it’s strong and ready to turn it won’t do that
Maybe it’s to create liquidity
Trigger stop losses
And flush out the weak before it runs off in the opposite direction i don’t know but
Something worth watching out for imo