been a while since last plan that i had to cancel when trying to break daily resistance failed. since then i have noticed two more trends we seem to be in.
the trend line in blue is the shorter term trend keeping eye on and past few day we failed to break above downtrend after failing to break daily resistance. i have short term target 0f 358 pivot. possible lower but will check price action once we reach this level. im expecting to touch bottom of trend with target of 338 next daily support.
i know its alot of bullish ppl out thier right now so also watching for upside. if we manage to get over daily 375 resistance and break the 380 (2008/covid high trend line) i will consider that extremely bullish and will try run with first plan. chances of that happening is small in my book but anything possible
with all the earning the next few weeks plus election and cpi week 1 in november i will be trading with extreme caution
happy trading everyone
the trend line in blue is the shorter term trend keeping eye on and past few day we failed to break above downtrend after failing to break daily resistance. i have short term target 0f 358 pivot. possible lower but will check price action once we reach this level. im expecting to touch bottom of trend with target of 338 next daily support.
i know its alot of bullish ppl out thier right now so also watching for upside. if we manage to get over daily 375 resistance and break the 380 (2008/covid high trend line) i will consider that extremely bullish and will try run with first plan. chances of that happening is small in my book but anything possible
with all the earning the next few weeks plus election and cpi week 1 in november i will be trading with extreme caution
happy trading everyone
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