Today we saw the market doing it's first major move towards the trend of the week.
This is in keeping with what was discussed on this week's analysis video where I explained that the market usually takes Monday's, Tuesday's and sometimes Wednesday's to find it's range before starting to show signs of a significant move towards the trend.
Market started buying from the 31% retracement line today and did not stop.
This area has not been retested and so it may be fair game for a retest soon, however, I am not trading the sell unless the market makes another all time high.
At market close, the price fell short of the ATH and the H23 candle has not had a retest. This could be a factor to consider as we enter the new trading day and so I took my profits at the close of the session so I can scale up and wait for another entry to close out the week.
Remember before you take sells, make sure the market is ready for the move by having all the timeframes in place.
Stop "i-thinking" and so proper analysis.
Remember it is the quality that matters and not the quantity.
As usual:
1. Trade what you see 2. Be patient 3. Do your own analysis
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