Selling the buyer failures below $91
Fundamental analysis
My position is still bearish since the fed continues to be pessimistic about the economic recovery post-lockdown.
Technical analysis
Looking for 3 try traps/buyer failure patterns above the $90.5 range unless the bulls are able to give us a strong run up off $90.6. If we see a strong run up, then we can mark up the high and the low of the new hidden channel and watch for more seller failure patterns toward $91.
My position is still bearish since the fed continues to be pessimistic about the economic recovery post-lockdown.
Technical analysis
Looking for 3 try traps/buyer failure patterns above the $90.5 range unless the bulls are able to give us a strong run up off $90.6. If we see a strong run up, then we can mark up the high and the low of the new hidden channel and watch for more seller failure patterns toward $91.
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