Support and resistance trend lines
Lets see which breaks first on the 4hr chart
Support or
Resistance
In my opinion resistance will break first as we have a pennant flag forming...then with everyone long again....another 50% drop....keep finger on the button
Fundamentally CME former contracts have expired on 27th jan
So now is a new game in the futures casino :)
One things for sure.....they'll be manipulation of the the market to whatever is opposite to the trend...lots of UP and DOWN ....organised chaos...making sure only skilled disciplined traders survive
We are now in the same playing field as forex trading where only 5% make it
Make sure you have a plan and stick to it
Support or
Resistance
In my opinion resistance will break first as we have a pennant flag forming...then with everyone long again....another 50% drop....keep finger on the button
Fundamentally CME former contracts have expired on 27th jan
So now is a new game in the futures casino :)
One things for sure.....they'll be manipulation of the the market to whatever is opposite to the trend...lots of UP and DOWN ....organised chaos...making sure only skilled disciplined traders survive
We are now in the same playing field as forex trading where only 5% make it
Make sure you have a plan and stick to it
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