Well after getting whipsawed out of my short during that 6,500 -> 6,100 then back to 6,500 ... I have no reason to be short right now.
In fact we have broken upwards and are looking for 7,000 short term.
But a relative high of 7,500 is nothing, and when that gets hit prices will surge more.
In fact we have broken upwards and are looking for 7,000 short term.
But a relative high of 7,500 is nothing, and when that gets hit prices will surge more.
Comment:
Also, to mention that daily range three days ago indicates nothing more than a fake out (where I got opened short and stopped out pretty much at yesterday's high).
Trade closed: stop reached