Hello Traders! Check Related Idea for market context!!
I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action. Thanks for the support! ----------------------------------------------------------------------------------------------------------------------- -----------------------------------------------------------------------------------------------------------------------
SMASH that follow button! 👍
💡 Leave a comment and/or message me on how I can improve and provide better content, I'm open to suggestions to create a better experience for you!
RISK DISCLAIMER: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my videos as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this channel. This content is for educational purposes only and is not tax, legal, financial, or professional advice. Any action you take on the information in this video is strictly at your own risk. We, therefore, recommend that you contact a personal financial advisor before carrying out specific transactions and investments. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Inotfancy.com and all individuals affiliated with this channel assume no responsibility for your trading and investment results.
i'd be cautious with the bullish move ... on daily you have a 200 EMA that might give you troubles
INotFancy
⋅
@nentu, have you seen the weekly/daily structure? There's a very good probability that the pattern is a 3-wave continuation correction! And the intra-day price action is very bullish atm, no reason to look for sells, unless the structure and the price starts showing weakness ------ that said, the price has moved sharply so I do agree that a pullback or bigger correction is very possible before the price continues up! But, at the end of the day, I trade what price does, not what I think the price should do! :)