In order to keep up with the bull trend, the market needs to form a higher low at the 4100 area and continue higher. I will be looking for a dip buy in that area. Because we are now in the 4 Hour supply zone and have completed the daily ABCD move from the December consolidation I am a bit weary of how much further it will go. In any case, I take all trend trades and expect the last one to fail because no one will know how far a trend will go and an object in motion tends to stay in motion.
Note
Daily measured move takes up to 4450.00 and so I will keep buying dips until that objective is hit with continued HH's and HL's
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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.