what i see coming is a sell.
here is why.
the market was in a bullish trend to the upside that got the market to the all time high. after doing so it broke the uptrending support trendline and this was a clear confirmation that the markert is gearing for reversals and the market is going into a sell trend
its failed to cross above the current rsistance i think from there i should sell
if the market would invalidate this set up?
i will see with the market breaking the resistance and creating a new high and coming back to retest the resistace making it a support
i will exit at the low and as my final tp cause the market can get there and bounce back up so pay attention.
use proper risk manament and lets do the most
here is why.
the market was in a bullish trend to the upside that got the market to the all time high. after doing so it broke the uptrending support trendline and this was a clear confirmation that the markert is gearing for reversals and the market is going into a sell trend
its failed to cross above the current rsistance i think from there i should sell
if the market would invalidate this set up?
i will see with the market breaking the resistance and creating a new high and coming back to retest the resistace making it a support
i will exit at the low and as my final tp cause the market can get there and bounce back up so pay attention.
use proper risk manament and lets do the most