Wow! That blow off top I mentioned last time around sure hit much sooner than I expected. Now we're basing right on top of the trendline from prior tops.
For me this is a no trade situation. I'm out of my long and I don't see any reason to go short yet. Breaching below the trendline could mark the top but you have to be super careful because it could just be a gap fill situation.
I'm bullish until I see a reason not to be. But at this point, it's a scalp only situation until I see some clearer price action.
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.