After a nice drop from my last post, I've been noticing that not much as happened since the market open.
H2 stochastics in a bullish trend, not meaning this is a reversal, reason being is that prices are still below fibonacci retracement areas, so there is not enough push to the upside.
No trends, stochastics on different graphs aren't in sync, and we are just at the beginning of a correction.
What kind of correction, I don't even know, the market hasn't given enough data to figure that out.
I do know that until there is a finished correction structure with a Bullish Convergence on bigger time charts in sync, then i'll look into taking a buy position, but there isn't enough data for me to go that route.
So in the mean time, I will be playing bearish short entries.
Happy Hunting.
H2 stochastics in a bullish trend, not meaning this is a reversal, reason being is that prices are still below fibonacci retracement areas, so there is not enough push to the upside.
No trends, stochastics on different graphs aren't in sync, and we are just at the beginning of a correction.
What kind of correction, I don't even know, the market hasn't given enough data to figure that out.
I do know that until there is a finished correction structure with a Bullish Convergence on bigger time charts in sync, then i'll look into taking a buy position, but there isn't enough data for me to go that route.
So in the mean time, I will be playing bearish short entries.
Happy Hunting.