Here's a little update :
So during the night we drop back to the trend. The question is, will the trend hold or will it drop down to bottom of range ?
1 - Everytime we touch the trend, there was a major bounce back from it everytime. But each time the bounce got weaker and weaker.
2 - Are we going to see a small bounce back before dropping below trend ?
3 - 3rd legs is closing close a major connection ?
4 - Volume is still diminishing.
5 - I'm waiting to see where market will go, but I'm aiming for a dump to bottom of range (206,20) considering the volume we have at the moment.
I will update this post in a couple of days, give the market some room to move. Don't take any of this as a financial advice, it's not. I use those post to improve my trading knowledge and be a better trader everyday.
Have a great day,
vOid
So during the night we drop back to the trend. The question is, will the trend hold or will it drop down to bottom of range ?
1 - Everytime we touch the trend, there was a major bounce back from it everytime. But each time the bounce got weaker and weaker.
2 - Are we going to see a small bounce back before dropping below trend ?
3 - 3rd legs is closing close a major connection ?
4 - Volume is still diminishing.
5 - I'm waiting to see where market will go, but I'm aiming for a dump to bottom of range (206,20) considering the volume we have at the moment.
I will update this post in a couple of days, give the market some room to move. Don't take any of this as a financial advice, it's not. I use those post to improve my trading knowledge and be a better trader everyday.
Have a great day,
vOid
Comment:
So we broke above which is a really good sign for me, So I made this chart in-case it broke up to show you guys where I expect it to go in the next couple of days/weeks.
