At monthly resistance, but shorting the strong trend, prior to MS shift, seems like a bad idea.
Bull
-Wait for break and retest of Monthly Level as support
-Wait for pullback to Daily Support
-Wait for pullback to Monthly support + 61.8% confluence
-Volume still strong accumulation
Bear
-Wait for MS shift to break an hourly low
-Large specs still stacking shorts
Conclusion
-No trades here
Bull
-Wait for break and retest of Monthly Level as support
-Wait for pullback to Daily Support
-Wait for pullback to Monthly support + 61.8% confluence
-Volume still strong accumulation
Bear
-Wait for MS shift to break an hourly low
-Large specs still stacking shorts
Conclusion
-No trades here
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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.
Disclaimer
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.