We are seeing clear sell-side tapering with the orange algo and purple showing it's control. We are now retesting the breakout of strong selling magenta and coinciding with green buying continuation.
This could be a very good opportunity knowing that if we don't hold green, we're out. However with a retest of magenta and a proven buying continuation lining up, I...
This could be a very healthy controlled selling on the way toward a retest of our purple selling channel and potentially a breakout thereafter.
This is what to look out for - and again this is on the weekly chart so definitely look at lower time frames to get a better/clearer picture
Happy Trading :)
- TraderDaddyOG
