Be careful with this one.
What are your thoughts? do you agree? or disagree?
We all saw the short of a lifetime coming (i'm overreacting i know, hehe). However what we probably didn't expect was that stellar "retracement"... Understand that carefully. That was not so much a reversal but a retracement after an impulsive move to the down side.. Given that the stronger larger trend is bearish.. We can lean on the side of being more bearish biased...
With that said... the setup right not is not the best for choosing a bias so with every post you see on here including mine at this point in time and point in price action be very, very careful..
On another note ... we are at a minor resistance presently and can possibly expect a beginning of a lower range in structure, channel that is to take place and produce so short terms longs and shorts for the win..
All the best trade safe, trade free and be smart..
We all saw the short of a lifetime coming (i'm overreacting i know, hehe). However what we probably didn't expect was that stellar "retracement"... Understand that carefully. That was not so much a reversal but a retracement after an impulsive move to the down side.. Given that the stronger larger trend is bearish.. We can lean on the side of being more bearish biased...
With that said... the setup right not is not the best for choosing a bias so with every post you see on here including mine at this point in time and point in price action be very, very careful..
On another note ... we are at a minor resistance presently and can possibly expect a beginning of a lower range in structure, channel that is to take place and produce so short terms longs and shorts for the win..
All the best trade safe, trade free and be smart..
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