Will we got more chop sideways or a flush?
Today Healthcare/Energy/Consumer/ non tech names did well.
Seems like growth still getting the short end of the stick in the markets and bears are smelling blood.
Not sure if this level will hold but if we go under, i'm shorting away. If we chop, i'll continue scalping and building up cash position.
from wikipedia:
"Survival of the fittest" is a phrase that originated from Darwinian evolutionary theory as a way of describing the mechanism of natural selection. The biological concept of fitness is defined as reproductive success. In Darwinian terms the phrase is best understood as "Survival of the form that will leave the most copies of itself in successive...
looking at breakout above or below support and resistance to get in a longer term position.
Clean levels provided by fibo on daily chart (orange color)
update sto follow
On the 4h, we got a false breakout from a key resistance area, and as a result, the market printed a evening star (bearish) pattern.
To avoid getting closed out by this 4h pattern, we can wait for the price to push and close above the 'buy above' area before entering into any buy position (this is the safest option).
The more aggressive approach would be to...
