My longer timeframe bias is short, but looking at this daily chart, it's a total coin flip.
ADX, D+ and D- are all below 20 which basicaly screams "no clue what to do, stay out". Often markets will range when that happens, at least until momentum picks up. So while I favor shorts at the moment, I'm not exactly expecting longer sustained moves in either direction.
Any short breakouts will try to aim for the previous low around 45, and a push higher could end up somewhere between 70 and 80.
Someone hand oil a roadmap and compass please, it's currently lost! Kick in the ass might help too.
ADX, D+ and D- are all below 20 which basicaly screams "no clue what to do, stay out". Often markets will range when that happens, at least until momentum picks up. So while I favor shorts at the moment, I'm not exactly expecting longer sustained moves in either direction.
Any short breakouts will try to aim for the previous low around 45, and a push higher could end up somewhere between 70 and 80.
Someone hand oil a roadmap and compass please, it's currently lost! Kick in the ass might help too.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.