Hello everyone,
Okay here is my call and reason. I'm leaning bearish still with a Neutral call.
Bearish:
1) No real Volume behind this last small pump.
2) Bearish Pin Bar Forming
Neutral:
1) It can go either way, If we open and close above the 21 MA and remain in the newly forming channel bottom, then we should continue the climb to about 360 before seeing any retracement.
2) Although neutral refers to sidways motion on my charts, in this case I don't expect any sideways action, except between .5 and the Golden Pocket (.618) FIB if any.
Bullish:
1) We need to open above the .619 Golden Pocket and inside the possibly newly formed channel bottom.
I am not an Investment adviser, do your own home and compare.
If you like my Charts and feel you got what it takes to be a good trader, please join me at Mudrex trading bot platform.
Thank you for visiting and please leave a comment..
Okay here is my call and reason. I'm leaning bearish still with a Neutral call.
Bearish:
1) No real Volume behind this last small pump.
2) Bearish Pin Bar Forming
Neutral:
1) It can go either way, If we open and close above the 21 MA and remain in the newly forming channel bottom, then we should continue the climb to about 360 before seeing any retracement.
2) Although neutral refers to sidways motion on my charts, in this case I don't expect any sideways action, except between .5 and the Golden Pocket (.618) FIB if any.
Bullish:
1) We need to open above the .619 Golden Pocket and inside the possibly newly formed channel bottom.
I am not an Investment adviser, do your own home and compare.
If you like my Charts and feel you got what it takes to be a good trader, please join me at Mudrex trading bot platform.
Thank you for visiting and please leave a comment..
