Simple rule for me: Trade what you see, not what you want the market to do.
And right now, I see the price at the lower boundary of an ascending channel, which is a good buy setup in my opinion.
And right now, I see the price at the lower boundary of an ascending channel, which is a good buy setup in my opinion.
Note
This looks very corrective and the bulls haven't broken important resistance levels.Until then, let's be patient and see how this plays out. However I'm starting to lean towards the bears.
Note
Price is dropping... The market changes and we must adapt to it and not keep our bias even though the market is doing something else.Note
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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.