Having been caught out with strong rebound, I still think there’s an overall bearish trend. Would be a good short position once it hits the upper trend line.
Kommentera:
Just noted fed Powell is to testify Tuesday and Wednesday next week. Could be pretty wild swings. Use stop loss where possible
Kommentera:
Ok..didn’t reach the intended target to short…looks very bearish now
Kommentera:
Unless it’s abc wave to test top channel, given there’s shadow wick at 12450 area and then fall again??
Kommentera:
Sneaking feeling wave c is in play for top channel ….see what happens for rest of week
Kommentera:
jobless has given it some jolt more likely to test upper channel line by the looks of it
Kommentera:
Peaked at 12350 before the dramatic drop into the close at 11930 area. Bang on the greens trend line. Question is will it break or spupport….remain to be seen
Kommentera:
finally broken the line making decent profit....