Price printed another low yesterday and seemed to have bounced back up to enter
a range. We now have a new B low in place again. We are waiting for a
retracement up to the 618/786 of this swing where we will look for signs of a
reversal. If we don’t find resistance at the 618/786 and price violates the A
high, then we will have the start of a reversal on this time-frame.
LONG: Will be going long IF:
No long setups at present according to the system. Stand
aside and wait for an entry to present itself.
SHORT: Will be going short IF:
No immediate short trade setups, we need price up at
the 618/786 for a short trade setup.
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