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Clear Upside trade here. Patience is key
Downside is open. Nice R/R
Downside is in tact. Sentiment has allowed for shorts to be added. CFTC COT is with the trend.
Momentum must be regained via break through upside TL
Looking to revisit all time highs
Watch for daily break below zone and level. Target zone to the downside.
Watch for longs off of daily support zone. Stops below. Market is currently in consolidation. Momentum must pick back up for continuation
Must wait for weekly close above price zone.
Watch for a daily close above blue zone to target upside
The trade is valid. Look for a breakout above trendline for further movement
Currently bias is for movement lower. A close above daily TL brings us back to blue level.
Pressure is on
Watch for a break of level for continued downside
Another move up looks to come
Momentum to the upside
Downside. Risk is defined