Sorry for messy chart . I cannot write anything on that tiny free space. There's a lot of probabilities here. As you can see . 2 Fibonacci's can be traded , one to the upside , another to the downside. This current buy today can be buy below lows for higher price or it can be rejected/sold next week. Market is unique by its nature so it can do anything. Be...
Here , market gives us only Daily levels. Okay , we will trade around them only. However , we are in triangle pattern . Indecision in the markets again. It's very risky to trade in that kind of environment. Market can do anything. You must be very cautious. If we go long , we will be stopped soon , If we go short , we will be stopped soon. So we just chill out and...
Indecision. Triangle. Range. Which direction you choose to trade ? Up/Down ? Right answer is no one !!! Market is indecisive. When that kind of conditions , stay away. It's best for your account , as to your mind. Wait for clear break in either side and then decide which direction market is likely to go.