What do I see? - Well as the Retail Sales MoM report reflects the bearish response, the bears will start to overtake the bulls. As what is already been planned, I gonna break even.
What I would do? - I would seek to go short - This time I'll do a trend trade, if the RQK (Rational Quadratic Kernel) creates a 40 degrees angle downwards, I'll go short. Supported with a bearish rejection pattern. The reason why I gonna go for a trend trade is that I'll aspect a big pullback by the bears, as you can see in the daily timeframe, the bulls got rejected hard and create a huge high wick.
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