Right now, I'm long, but as you know, what comes up must come down, so I plan ride this move up and then reverse to the downside at a higher price. why? because we broke out from a bullish
diamond pattern and it seems we have a fresh higher low.note that the larger pattern is a rising wedge
, wich is bearish
, it means, "probably" that we will brake down at some point., but I still think there is a good chance the market can make a higher high on the 1 hour chart before that happens. with the current bullishness it looks to go higher.
so this is both a long and short analysis.