Earlier thought about taking a call credit spread but price never gave me a convincing entry for a day trade. Obviously it would have worked out today but it isn’t about that. Don’t trade just to trade; some of the best trades are no trades! Who knows, I could have done that trade today and the market decides to have a complete opposite event of today, where I would have taken a loss!
I think we start to see wave (C) up here. We easily can fluctuate from here down to 238 area but I am leaning towards to start up.
Started small long today. Will either 1) look to build long on an established 1-2 wave; or 2) watch this demand zone, breaking down and out of this zone will signal a stop loss for me. But again, I think we can see some upward movement.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.