This is an update to the Daily chart I posted last week (link below)
I was expecting this to trade a bit lower before going for a long impulse leg
I'm not sure if it will come back down or if the impulse has started
We'll know more once price reaches the trend line
If it breaks through look for a correction flag and go long
If it rebounds wait for it to reach the bottom then go long
I don't see any short opportunities here
Hope this helps - good luck
Steve
I was expecting this to trade a bit lower before going for a long impulse leg
I'm not sure if it will come back down or if the impulse has started
We'll know more once price reaches the trend line
If it breaks through look for a correction flag and go long
If it rebounds wait for it to reach the bottom then go long
I don't see any short opportunities here
Hope this helps - good luck
Steve
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