After meeting the initial target, price moved away from the blue box. Ideally I want to see price take another dump below that area before I can consider a long. Price showed it's hand with that rally, now it's a matter of patience.
I still have a small piece of my shorts riding with no risk in the market.
I will sit on the sidelines and allow price to give me more information before I give my opinion.
Still anticipating a rally past previous highs before a dump lower. There are always moves either side of the market but I choose to move with the smart money.
I still have a small piece of my shorts riding with no risk in the market.
I will sit on the sidelines and allow price to give me more information before I give my opinion.
Still anticipating a rally past previous highs before a dump lower. There are always moves either side of the market but I choose to move with the smart money.
Comment:
There is still a chance at the dump. That's why I have a tight stop, in that case I would just add another position below the weekly open with stops above the high just printed. Tight stops on both sides but the move will be substantial.
