Good morning traders,
Yesterday did not go as planned. I would have expected the buyers to fight more at 3860 than they did.
It leaves us down near the lows and a market that is accepting prices lower. I will not get involved at these prices, as I think the market will try lower first if it's going to rally, and vice versa.
IMO you must give an edge to the sellers here, even if the market has already showed it's hand.
Yesterday did not go as planned. I would have expected the buyers to fight more at 3860 than they did.
It leaves us down near the lows and a market that is accepting prices lower. I will not get involved at these prices, as I think the market will try lower first if it's going to rally, and vice versa.
IMO you must give an edge to the sellers here, even if the market has already showed it's hand.
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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.