With sediment still net long on most brokers and with the 1900 Piñata 🦄 dangling and solid supports forming yesterday, we are in business today! As the bull trend clearly respect the SMA20, it will be the major moving Support as well as the pivot in case of a sudden sell off. Immediate support will be where the 4H Hi Trend was broken Resistance yesterday, with another strong support block formed from 1854 to 1856.
If the TSE session sediment bears, LSE will bounce of support to recover and NYSE will follow up or consolidate. If the TSE session bulls, we could have a bull run toward 1900 today already.
I will look at every session opening and wait for the first close and analyze the market forward. Having a good knowledge of candlesticks is critical. I have reduced my account size and trades size as the market volatility is very high.
Trade the Trend (or the Reversal) and Prosper 🖖
If the TSE session sediment bears, LSE will bounce of support to recover and NYSE will follow up or consolidate. If the TSE session bulls, we could have a bull run toward 1900 today already.
I will look at every session opening and wait for the first close and analyze the market forward. Having a good knowledge of candlesticks is critical. I have reduced my account size and trades size as the market volatility is very high.
Trade the Trend (or the Reversal) and Prosper 🖖