...it will all happen again.
Just worth noticing the similarities which occur after sizable distribution phases. In my opinion we're in the Gap Trap phase at this point. Bullish or bearish is less relevant at this point. For a sustained move in either direction it will take time before institutions collect their inventory based on where they see the market going. If this is a consolidation before lower lows it should take time before that happens. If this is consolidation before new highs, it should take time before that happens. In the meantime, we should cycle within a range.
The setups I include on this blog are used in conjunction with the 3/10macd and the criteria I ascribe to it as a way to alert me to an existing condition of price. The key concept to take away from this blog is that I try to anticipate what will happen on the higher time frame by using a faster time frame to trigger the trade setup. I do not trade a "system" I use two indicators to clue me in to price conditions. Please read the Disclaimer located in the sidebar of this site. I can be contacted via email at email@example.com
I am always open to questions, comments, or suggestions on how to improve this blog.