Quote:
Originally Posted by kagein
Hi guys, would i be right in assuming that bulls will only start to get excited about the cable once the 1.8900 zone is breached?
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That's certainly a level which will hold some intent kagein. A lot will depend on how far south this things decides to go.
After that, players will be looking for a basing or reaction low to work off. They'll start to feed into longs once they obtain some confirmation that a potential bottom or base has begun to bed in.
You can get a clearer view of that type of action via your 60 & 240 minute timeframes. That's where it'll begin to show.
Higher highs & lows + any solid range behavior holding up to scrutiny will encourage feeder (compound) stakes along the way.