Looking at the XBT it looks as though the trend may be reversing. We have seen a break in the trend line creating a higher high.
This is not a guarantee that this will turn around fully as it's previously been rejected at its current price. We need to wait for further confirmation.
I am waiting for the pullback at previous resistance. I will then be awaiting wicks to the downside and a bullish engulfing to tell me that the higher low has been confirmed. I will then be exiting at previous resistance.
This is not a guarantee that this will turn around fully as it's previously been rejected at its current price. We need to wait for further confirmation.
I am waiting for the pullback at previous resistance. I will then be awaiting wicks to the downside and a bullish engulfing to tell me that the higher low has been confirmed. I will then be exiting at previous resistance.