Price had a nice move up but met strong resistance at resistance with a severe sell off. Ideally, i wanted to see a rejection here with an easier sell off telling me buyers were still strong. With as hard as the sell off was, i'm not so sure. I'm waiting for more confirmation that this short term trend is going to hold and continue to push through the resistance band.
This is a good trade either way once confirmation is found. Until then, i'm on the sidelines.
This is a good trade either way once confirmation is found. Until then, i'm on the sidelines.