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Last week was spent in a tight consolidation, a pattern commonly known to price action traders as barbwire. Looking at the overall picture, I am fairly confident of a large downside move starting next week, with a 60-70% probability. I will be watching to see if there is any confirmation to short.

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Hi, Spencer here! 😀

After making my first million at 28, and trading & teaching across 60+ countries, I have consolidated my knowledge and experience to create the most comprehensive & practical guides for profitable trading, compiled from thousands of books, websites, courses, and interviews with professionals.

comment-img As a former professional trader in private equity and proprietary funds, I have over 15 years of market experience, and have been featured on more than 20 occasions in the media.
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