Education

Market Overview | Sideways Action

By Trader6127

Updated

Hey traders, here's an update on the market. Enjoy ;)

Remember the 1-2-3 Strategy:

And if you forgot what cyclical trades are, watch this one:

Comment

We've reached our target. Looking for a bounce, as price action is moving too fast, then looking for more trading in the new dumb zone.

Comment

Nice megaphone pattern developing on the pullback. Good location to short, or wait for the breakout to the downside (choose based on your own risk management strategy).

Comment

Should be targeting the lower boundary of the numb zone (.618 of the bullish swing). From there I'd be vigilant of a sharp pullback to neutralize the 4HR trend before the market chooses a solid direction.

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