This means that if one is shorting or going long on this position, one has to expect losses. I always keep losses at the forefront of all my posts.
I cannot predict what will happen next. People often ask me for targets. I don't do targets.
This daily position can be exploited on lower time frames, with the right skill.
Disclaimers: This is not advice or encouragement to trade securities. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.