Elliott Waves once again and with some interesting trend lines, could this be the start of a move back down. 5EMA and 15SMA already crossed. Momentum indicator negative and under the 14MA. MACD also crossed and a decent gap between the lines. With such bullish action today, you would expect price to take off further early next week, but why has it stopped on the line? Perhaps the SELL is the most unlikely of trades and therefore the one to take.
Trade active:
Hesitancy so far today after large move up Friday. Very low risk SELL trade now live. Stop at 4162 to keep things tight.
Comment:
Move stop to break even / small profit.
Comment:
Stopped out by volatility. No loss which is important. Now looking for next opportunity.