DAILY
We still in a bull trend but in the corrective phase of the bull trend. 16900 area is where we want to see action. The last support as all others are broken right through. We formed an expanding wedge going up and was broken, the retest here will let us know it's fate.
4H
We formed a "flatish" flag, which is the correction of the current trend (bearish). Broke it and we are correcting once again, so we should anticipate the completion of the correction to come with an impulse. My idea has it collapsing further to 16965, around here we'll gain momentum.
1H
A mentor of mine says trade the market ugly. Ugly is definitely is all I see. Waiting for the impulse candle to kick in and drive the supply.
We still in a bull trend but in the corrective phase of the bull trend. 16900 area is where we want to see action. The last support as all others are broken right through. We formed an expanding wedge going up and was broken, the retest here will let us know it's fate.
4H
We formed a "flatish" flag, which is the correction of the current trend (bearish). Broke it and we are correcting once again, so we should anticipate the completion of the correction to come with an impulse. My idea has it collapsing further to 16965, around here we'll gain momentum.
1H
A mentor of mine says trade the market ugly. Ugly is definitely is all I see. Waiting for the impulse candle to kick in and drive the supply.