Gameplan for May 17, 2022
Spy did hit resistance and support all day with a small ascending triangle in mid-session, then got rejected on resistance. At the end of the session, the spy broke the uptrend line but still needs support to break so we can short it.
We will see what happens tomorrow. For now, observe, and there can be two scenarios because when sideways is a trend, make sure to watch and then play when it breaks. If it breaks, resistance go long and breaks support will go short.
Spy did hit resistance and support all day with a small ascending triangle in mid-session, then got rejected on resistance. At the end of the session, the spy broke the uptrend line but still needs support to break so we can short it.
We will see what happens tomorrow. For now, observe, and there can be two scenarios because when sideways is a trend, make sure to watch and then play when it breaks. If it breaks, resistance go long and breaks support will go short.
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