The conclusion of this candle will confirm a Williams Fractal. This is occurring underneath the Williams Alligator Jaw. This is on a 610 minute interval, which indicates a very strong downtrend is forthcoming, less than ten hours from now. Aggressive traders are already eyeing put options to buy once the spreads tighten up. In the meantime they are shorting the S&P 500 Futures as the cash index will open to a gap down by the Wall Street open.
(The candle that will be the Fractal is the Blue one that is surrounded, in the sea of red with the bad high. The high of that candle was several ticks higher up the wick and the shorts sellers attacked it.)
No comments:
Post a Comment