Volume was higher today then previous days--but really no new gains were found in NZD AU SG and GU finally made some upside but none moved as expected. The higher Volume and lack of movement would suggest Distribution. SO all trades have been closed.
Ucad is most puzzling-- making a 5min 5 wave down attach however it has not breached that support line with a High Volume breakout like one would expect (in a 3 of 3) if the line truley represented S/R...
right now everything looks like a good place to short- but we also know the MM like to run stops-- I can easily make the case that this 5 waves up on EU/GU-- and a pull back (needs to be HIGH ZVolume (hidden buyers) for another long signal.
One could also see on GU hopurly thatthe move throughthe 54 region was very easy-- not high V so no resistance= no stops, surely mm will want to hit stops before any type of pullback.
