Looking a little on the weak side...
....At least short term, waiting on this next 4 hr close for confirmation and if we close below the upper blue box we will likely at least re swipe the lows and potentially go lower.
Manage your risk and don't get wrecked, repeat after me Position size, Position size, Position size, Position size, Position size, Position size, Position size, Position size, Position size, Position size!
Happy trading!!
-Nick
Manage your risk and don't get wrecked, repeat after me Position size, Position size, Position size, Position size, Position size, Position size, Position size, Position size, Position size, Position size!
Happy trading!!
-Nick
Note
Confirmation close below my blue box and also confirmed this lower trend line which is putting us in a symmetrical triangle. Overall still looks like more downside IMO, but I don't trade my opinion ;)
Note
The pull back came up a little higher than expected but so far it looks like its respecting the top trend line, keep and eye on this!
Note
update of my analysis, still looking bearish for now
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