We thought we might have had a B high (marked in yellow on chart), but price rallied further so we will continue to wait for a proper B high to form. We will then wait for a retracement to the 618/786 fib area where we will be looking for a long trade setup after a bullish cs formation.
We maintain our bullish bias will the A low holds. Only a sustained break of the low negates this outlook.
FOR TODAY: Will be going short if:
No short trade setups, if price falls we will stand aside as we are looking for long entries lower down circa the 618/786. But we need a B high to form first.
FOR TODAY: Will be going long if:
We first need a B high, then we will wait for price to pullback to the 618/786 after which we will look for a bullish cs formation for a long trade setup.
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