This is pretty untradable for me. Ive done too much gambling the last week and bad calls have cancelled my good ones.
Impluse wave has reversed off mid-term trend line and is mid point in an ascending triangle.
I was bearish in the short term but expected this wave to max out and reverse back at 6.2.
will wait to see if Bulls have the strength to make it to 6.8... i doubt it, i'l short up around there is an obvious weakness. I suspect there will be.
Impluse wave has reversed off mid-term trend line and is mid point in an ascending triangle.
I was bearish in the short term but expected this wave to max out and reverse back at 6.2.
will wait to see if Bulls have the strength to make it to 6.8... i doubt it, i'l short up around there is an obvious weakness. I suspect there will be.
Comment:
If we go back down from here our ascending triangle isnt necessarily invalidated but will be more likely to break through and i will short from 5.8. to 5.4.
Comment:
current resistance is MA200... if that can be broken, bulls have a clear path to 6.7-6.8