Reply To: Chart Question

[Anonymous]

Ask yourself, what is the path of maximum pain? – All those low hanging Short SL’s,just dangling above the market?

Then ask your self where DM bias is? – Shorts are still heavily dominant.

Then ask yourself how the most recent DM is positioned? – There are actually slightly more DM longs than shorts.

So there is some degree of ambiguity there. i.e. a ‘lower confidence’ long.

So you return to your analysis chart and see what looks appealing (or not) based on your conventional TA).

P.S. Full disclosure….I am new to MK, but not new to the markets, so I grasp this stuff very quickly.