$NEAR — hasn't been ultra bullish for nine days now.
And today the daily printed a bearish engulfing candle. That's not a small deal — that's a full rejection of the prior move in a single session.
Retracement has started. One of four targets already hit.
Not calling a crash here, but the structure flipped. When the daily engulfs like that, I'd rather be patient than pretend it's a dip. 👊#Near #IMFSaysTokenizedMarketsSmall #FedMinutesFocusOnOctoberPause
And today the daily printed a bearish engulfing candle. That's not a small deal — that's a full rejection of the prior move in a single session.
Retracement has started. One of four targets already hit.
Not calling a crash here, but the structure flipped. When the daily engulfs like that, I'd rather be patient than pretend it's a dip. 👊#Near #IMFSaysTokenizedMarketsSmall #FedMinutesFocusOnOctoberPause