Though selling pressure is weakening right now
you should remember that technically the market is still trading below the recently broken level.
if you are on the buyers' side and expect growth, let the market return back above 1464 level and only then take action.
*please, like the idea and leave a comment, it really...
Most traders are familiar with the experience of sitting on trades for large periods of time without realized losses ( the market hasn't hit their stops...and the waiting is VERY stressful ). Recognizing that markets move in a way that drives traders to a scalping type of trading...and this can keep you from capturing the benefits of trading swings...if you could...
1. Trend with MA
2. Confirm Spring / NS
3. Confirm UT
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
Stuck in the middle of this upper balance.
It's a good thing and a bad thing for the longs.
It's good because we aren't rejecting this upper balance, we are still very much in the middle of the balance.
The bad news here is that we can still pull back to the lower end of the balance so if you're long, you may have to sit through some heat.
In today’s #marketinsights video recording, I talk about #crude #oil and #gold.
WTI moved higher yesterday on a surprise #API draw, whereas gold, although would be expected to move down against oil, also moved up on the back of the latest trade negotiations impasse.
With the market's appetite shifting to rollbacks but not getting the response they want from the...
Based on the location of the AUDUSD, if I were looking at the pattern, I would rather take a long position ( with reservations )...and yet the DXY favors the buyers ( which means the AUD could go lower ): in other words, I would gladly take a long trade here if I were trading your account.
I'm expecting sideways price action between $1,445 and $1,465 for a while before a definitive decision is made in the market to continue up or go down to the Yellow 20-MA in the Monthly at $1,360. It's simply too hard to say what it will do for the long term at the moment because I have no idea how deep the White Energy will go below the 50 percent level. The...