Price rallied yesterday and its currently
circa the B high, we need the 375 level to break to open the upside. We have
limits just past the B high, will monitor for resistance inside the B high and
maybe an exit. A break of the B high confirms the reversal. Only a sustained
break of the A low continues the downtrend.
Will be going long if:
Today is another DA618 trading day where we look for price
to rally towards 375, we cannot rule out any dips before price rallies. We only
add to the open position if we get a minor 618 retracement after a break of
375.
Will be going short if:
We are in BF territory, a clear bearish cs formation from
current levels will have us exit the long and enter a short trade setup. Will monitor
price at this level.
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