A slightly updated chart. Majority of the lines remain the same. One can look at my previous post. Despite all the headlines, downgrades, product reviews and so on - the market structure is intact and reflects the consolidation phase.
I outlined the most immeadiate scenarios that could play out in the near term. The trend line and the support are most important. There is a slight positive divergence supporting the bulls case.
Watch the patterns development - this is the most objective way to gauge the market action. Trade at the edges of the balance or breakouts. Just a few setups one needs to know to be profitable.
Stay nimble.
9/29/2019
I outlined the most immeadiate scenarios that could play out in the near term. The trend line and the support are most important. There is a slight positive divergence supporting the bulls case.
Watch the patterns development - this is the most objective way to gauge the market action. Trade at the edges of the balance or breakouts. Just a few setups one needs to know to be profitable.
Stay nimble.
9/29/2019
