IF you can take from my contradicting indicators reading and logic in the chart the pure irony the title of this analysis comes with then that is good. Do not get chopped up guys. This formation is exactly like April 2019 before it mooned. and there was and will be plenty of time to get on board if that is the direction. We have a monthly pivot level and it has held even while stocks dipped a bit. This weekend you could probably range scalp it because the macro decision will more than likely come after this H6 TD 9.... but more so with how the stocks perform. such a long consolidation unlikely to resolve in the weekend. This the area we trend in based on history suggests distribution. However the length we spend here suggest potential Reaccumulation. Very similar to what we have a gold also. The levels are established. I trade Camarillo. Here are potentials trades on these monthly levels
Losing or rejecting H3 or S3.... then position reverse to other 3s side on the range. Stop loss H4 or L4 depending.
Broken H4.. (hourly usually good but id give it four at least) because its monthly levels Short for L/H 5 and 6 as breakout targets. Place your stop at the previously passed H3/L3
I give ut 50/50. my ta feeling more like down. my gut feeling more like up
Losing or rejecting H3 or S3.... then position reverse to other 3s side on the range. Stop loss H4 or L4 depending.
Broken H4.. (hourly usually good but id give it four at least) because its monthly levels Short for L/H 5 and 6 as breakout targets. Place your stop at the previously passed H3/L3
I give ut 50/50. my ta feeling more like down. my gut feeling more like up