![]() ![]() A second entry buy is a higher probability trade. The bulls have not had many stop-entry buys or swing trades on the monthly chart – or at least trades easy to hold long.We have been sideways for many months and will probably disappoint both traders, with the 7000 big round number below as a magnet.Some bears might consider it always in short, but the moving average is too low to sell so they might look to scale in above September high. ![]() The bears want a pullback and another sell signal after the Low 2.The bulls want a High 2 buy setup above this month for a test up to the highs of the range.Because it was surprisingly large, some traders expect a second leg down. ![]() The bears see two legs sideways to down as a trading range and a second entry short, hence the bear bar the month before.It is a moving average gap bar buy setup with a target back to the high of the first bull bar above. ![]()
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