Macro/Mid Term is still Bearish, yadda yadda.....I've said it every post, we broke above 7250 as I anticipated, and Bulls were unable to hold it, as I also mentioned to look out for.
A) Our recent drop created a couple "inefficiencies" in price. I'm targeting those for the short term.
B) We cleared previous micro highs (pink box) and began correcting. We're forming a bit of a rounding/arcing bottom, usually a bullish sign....
C) But I wouldn't rule out a visit to this box. It's our Bullish consolidation preceding the rise above the Orange triangle.
I'll be monitoring PA to see how it unfolds. Green/Yellow arrows, and we're targeting those pink boxes, but IF we DO drop to that C) Box.....and we fail to promptly get above 7.4.....I'd be VERY cautious in a Long.
Macro Bear, Mid Bearish-Neutral, Short-term cautiously Bullish......Lose 6.8k and I think 8k is off the table before new lows are made. Good luck, and safe trading.
A) Our recent drop created a couple "inefficiencies" in price. I'm targeting those for the short term.
B) We cleared previous micro highs (pink box) and began correcting. We're forming a bit of a rounding/arcing bottom, usually a bullish sign....
C) But I wouldn't rule out a visit to this box. It's our Bullish consolidation preceding the rise above the Orange triangle.
I'll be monitoring PA to see how it unfolds. Green/Yellow arrows, and we're targeting those pink boxes, but IF we DO drop to that C) Box.....and we fail to promptly get above 7.4.....I'd be VERY cautious in a Long.
Macro Bear, Mid Bearish-Neutral, Short-term cautiously Bullish......Lose 6.8k and I think 8k is off the table before new lows are made. Good luck, and safe trading.
