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JP225 - Update

Based on previous post: https://www.tradethevolumewaves.com/post/jp225-finding-sellers-at-resistance-fib

My Friday quote: "The story on chart, I will wait for the reaction (retracement waves) and maybe some other clues."

This is why I am always saying to be patient and wait for the reaction after an abnormal situation: Sellers came in on Fib but this was probably closing positions due to Fib and Friday. The reaction waves never broke the range downwards with a pattern but upwards with PRL.

Now we have a Hard to Move Down or a Push Down, my bias is a Hard to Move Down. For the aggressive ones you can enter long because it offers a nice Risk -Reward and for the conservative ones wait for signal.


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