We had a nice move to the upside and it got capped, leading us back to the current level.
Looks like distribution is not over and I am looking to more upside.
But, going for it right now may not be the best idea in town...
I would let this move down play out, not embarking on it as it looks like some nudge intenting to get traders to short, trapping said shorts so they help porpel price higher.
Just wait for a reversal move and a confirmation of trend up.
May be a really cool win.
Looks like distribution is not over and I am looking to more upside.
But, going for it right now may not be the best idea in town...
I would let this move down play out, not embarking on it as it looks like some nudge intenting to get traders to short, trapping said shorts so they help porpel price higher.
Just wait for a reversal move and a confirmation of trend up.
May be a really cool win.