We have a new lower B that formed
yesterday with price bouncing quite hard out of that support level. We will
look for resistance at the 618/786 to see if we get a fall from there. Else a
rally to take out 3135 will be added confirmation that a base might be in place
with a correction following.
Will be going long if:
No trade setups at present - stand aside.
Will be going short if:
Nothing at present, we waiting for a short entry circa
618/786, although confidence is low. A sustained break of 3135 will have us
change bias.
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