I was staring at this chart for over an hour yesterday, looking at how we could join in safely, and I just kept getting more and more confused.
1. We still did not achieve the target for the last down move (red area at the bottom)
2. We have the WPP above us and if we want to reach it (as we should) we will have to break the downward trend
3. NFP is coming
4. We are still in the beginning of the week
5. KS still needs about 7 candles to adjust its position
Plus a million other things
So this morning, I am so happy that we are going down some more because that will resolve a lot of my problems
Let's sit and watch for now
1. We still did not achieve the target for the last down move (red area at the bottom)
2. We have the WPP above us and if we want to reach it (as we should) we will have to break the downward trend
3. NFP is coming
4. We are still in the beginning of the week
5. KS still needs about 7 candles to adjust its position
Plus a million other things
So this morning, I am so happy that we are going down some more because that will resolve a lot of my problems
Let's sit and watch for now