Use the chart together with the text. They form a roadmap that will guide you through the market
I also added the actual "move" I'm expecting longterm, just to point out more clearely what the backbone means and how to read it. We had a very boring and dead market with "shoots" up and down lately without realy moving...So it might look like the same chart everyday. But that is unfortunately how the market is for now. We keep the direction at neutral, since this is a streched out top formation, but intraday we remain long on the lows ofcourse
Comments
febeks
⋅
how would you describe whats happening now? If it breaks throught 10650 significantly, should I consider short right away?