This downward move is enough to change my intraday and swing trading bias to short. Chart is same as previous with target around 5800 in the green buy zone box. I actually am long term bullish on this and ultimately looking to buy if it squeezes in that box.
However that probably won't be for a few days if not a few weeks. The lower bollinger band will be both an exit area for shorts and entry area for long term buys.
I am not opening an actual short trade here yet but will be scalping in that direction and probably not updating TV with every trade I do. This is just a note of my bias.
However that probably won't be for a few days if not a few weeks. The lower bollinger band will be both an exit area for shorts and entry area for long term buys.
I am not opening an actual short trade here yet but will be scalping in that direction and probably not updating TV with every trade I do. This is just a note of my bias.
Comment:
Sketch for path to buy zone. Not much data on this so waves are all mainly guesswork at this point.
