The daily chart is telling us two things. Things or getting ready to get nasty or we are getting ready to recover. We will know after tomorrows action but until then direction is at the mercy of the market. Daily chart shows an immediate need for caution on the bull side. Our 14 and 50 EMAs have rolled over indicating we are due for a couple week of sideways...
Daily chart is bearish. Notice 14 EMA is below 50 EMA and price has rejected its test of the channel.
Entry target and stop just make sense.
Lets see how it pans out. Entries will be posted!
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