interesting chart
The long sell off is over and (as per Wycloff) there has been a change and after a reaction rally and a first low retest, now we are at a crossoroad. Will it go up or down ?
I think it will go down for an other retest of the lows looking for residual liquidity at the triple bottom and then will retest resistance. In this case we would SHORT at the exit of the triangle to revert long at the bottom third low.
If it goes up fromn the triangle then we can go long at the retest of support.
Let's what the market wants to tell us....
I think it will go down for an other retest of the lows looking for residual liquidity at the triple bottom and then will retest resistance. In this case we would SHORT at the exit of the triangle to revert long at the bottom third low.
If it goes up fromn the triangle then we can go long at the retest of support.
Let's what the market wants to tell us....
Comment:
I think it is telling us that it wants to go down. Right now it is going sideways. Patience patience for that LONG at 1.0300 level