Time flies like an arrow; fruit flies like a banana 😂
This week I am a bit bias for sell because of the 'M' formation that price is forming. However, it has done a similar pattern in the past before and not sold.
What verifies the sell for me is the break and retest of the 34300 level (highlighted orange) which would be the neckline of the 'M'. I see an opportunity at the 34600 level, if it breaks and retests the area. I'll then stick to my rules entering and reentering at each new level hopefully until the 34100 level.
If price decides to buy then, stay consistent, waiting for the break and retest on the 1m timeframe and go to the next level.
This week I am a bit bias for sell because of the 'M' formation that price is forming. However, it has done a similar pattern in the past before and not sold.
What verifies the sell for me is the break and retest of the 34300 level (highlighted orange) which would be the neckline of the 'M'. I see an opportunity at the 34600 level, if it breaks and retests the area. I'll then stick to my rules entering and reentering at each new level hopefully until the 34100 level.
If price decides to buy then, stay consistent, waiting for the break and retest on the 1m timeframe and go to the next level.