Trade with caution!
Hi Guys!
So potential short term sell here if you wanted to be aggressive with your trading you could wait for a break of a HS pattern for a re test of the lows.
Ultimately we are in CONSOLODATION!! RSI is showing some hidden divergence so tight stops are essential
We are sitting around a 618 fib level from A 1W perspective so I would expect some sort of relief from this bullish uptrend but we may not get it immediately.
On the more conservative side if you are looking to short the market i would wait for a break and re test of the consolidation pattern to short.
THE MARKET IS STILL BULLISH!!
So potential short term sell here if you wanted to be aggressive with your trading you could wait for a break of a HS pattern for a re test of the lows.
Ultimately we are in CONSOLODATION!! RSI is showing some hidden divergence so tight stops are essential
We are sitting around a 618 fib level from A 1W perspective so I would expect some sort of relief from this bullish uptrend but we may not get it immediately.
On the more conservative side if you are looking to short the market i would wait for a break and re test of the consolidation pattern to short.
THE MARKET IS STILL BULLISH!!
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