Price has retraced into a level that is in for demand to flood the market. My stand for tomorrow friday is consolidation. If I were going to push the market higher for next week, I'll want Friday trading day to be an in trading day. I wouldn't want the market to go up or down, but consolidate. That will be a signal to me that market will be going bullish for next week.
However, if the market for Friday should trade and not consolidate, but rather create a new lower low. Then I can look for a reason to buy.
However, if the market for Friday should trade and not consolidate, but rather create a new lower low. Then I can look for a reason to buy.
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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.