We may see a weak retest of the lower channel.
Watch for quick opportunities over the next couple of weeks.
Be patient, and watch your risk management.
Watch for quick opportunities over the next couple of weeks.
Be patient, and watch your risk management.
Trade active:
I am watching for new low levels.
Head and Shoulders is completing on Daily, suggesting a reversal is possible.
Head and Shoulders is completing on Daily, suggesting a reversal is possible.
Comment:
Weed is testing the 36.50/36.00 zone this morning.
Look for a bounce or double bounce and reversal later today or tomorrow morning.
Look for a bounce or double bounce and reversal later today or tomorrow morning.
Comment:
We got our channel bottom test this week.
Buy the fear, sell the news setup.
Watch for setup, or if you are aggressive, like me, I am already building my position off the rejection.
Buy the fear, sell the news setup.
Watch for setup, or if you are aggressive, like me, I am already building my position off the rejection.
Watching for a strong rejection, perhaps a double bottom for entry zone.