CFX Neutral Zone
Updated price action has given me a neutral bias for CFX.
The pullback was deep, and we are looking at 2 scenarios:
While we are between the bottom ascending trendline and the solid green resistance, I don't see any trades to be taken.
The pullback was deep, and we are looking at 2 scenarios:
- Bullish: Leading diagonal which would take wave 5 to the mid-0.30's.
- Bearish: A breakdown of the bottom ascending trendline for a new lower low.
While we are between the bottom ascending trendline and the solid green resistance, I don't see any trades to be taken.
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